Global X Management Co. LLC raised its position in Sempra Energy (NYSE:SRE) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,481 shares of the utilities provider’s stock after buying an additional 289 shares during the period. Global X Management Co. LLC’s holdings in Sempra Energy were worth $280,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Advisor Partners LLC increased its position in shares of Sempra Energy by 16.6% in the second quarter. Advisor Partners LLC now owns 4,919 shares of the utilities provider’s stock worth $555,000 after buying an additional 701 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of Sempra Energy by 334.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,913 shares of the utilities provider’s stock worth $216,000 after buying an additional 1,473 shares during the period. Beach Investment Management LLC. increased its position in shares of Sempra Energy by 959.7% in the second quarter. Beach Investment Management LLC. now owns 125,148 shares of the utilities provider’s stock worth $14,110,000 after buying an additional 113,338 shares during the period. Retirement Systems of Alabama increased its position in shares of Sempra Energy by 0.4% in the second quarter. Retirement Systems of Alabama now owns 121,618 shares of the utilities provider’s stock worth $13,712,000 after buying an additional 509 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Sempra Energy by 8.1% in the second quarter. IFP Advisors Inc now owns 14,999 shares of the utilities provider’s stock worth $1,691,000 after buying an additional 1,127 shares during the period. 80.54% of the stock is owned by institutional investors and hedge funds.

Shares of Sempra Energy (NYSE:SRE) opened at 118.40 on Tuesday. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $118.78. The firm has a market cap of $29.73 billion, a PE ratio of 17.51 and a beta of 0.54. The company has a 50 day moving average price of $114.09 and a 200-day moving average price of $111.98.

Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company earned $0.79 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts expect that Sempra Energy will post $5.23 EPS for the current year.

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A number of brokerages have recently issued reports on SRE. Morgan Stanley increased their target price on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. BidaskClub raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a research note on Monday, July 24th. Finally, Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price for the company. in a research note on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sempra Energy has an average rating of “Buy” and an average price target of $121.00.

Sempra Energy Company Profile

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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