Victory Capital Management Inc. reduced its position in shares of Sempra Energy (NYSE:SRE) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 632,980 shares of the utilities provider’s stock after selling 37,464 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of Sempra Energy worth $71,369,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. boosted its stake in shares of Sempra Energy by 25.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 16,614 shares of the utilities provider’s stock worth $1,836,000 after buying an additional 3,423 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Sempra Energy by 2.2% in the first quarter. Nationwide Fund Advisors now owns 172,798 shares of the utilities provider’s stock worth $19,094,000 after buying an additional 3,716 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of Sempra Energy by 15.8% in the first quarter. Glen Harbor Capital Management LLC now owns 3,632 shares of the utilities provider’s stock worth $401,000 after buying an additional 496 shares during the period. IFP Advisors Inc boosted its stake in shares of Sempra Energy by 7.9% in the first quarter. IFP Advisors Inc now owns 13,872 shares of the utilities provider’s stock worth $1,533,000 after buying an additional 1,012 shares during the period. Finally, First Midwest Bank Trust Division boosted its stake in shares of Sempra Energy by 1.3% in the first quarter. First Midwest Bank Trust Division now owns 14,960 shares of the utilities provider’s stock worth $1,653,000 after buying an additional 195 shares during the period. 80.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Sempra Energy (NYSE:SRE) opened at 119.03 on Friday. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $119.66. The firm has a market capitalization of $29.89 billion, a PE ratio of 17.61 and a beta of 0.54. The firm’s 50-day moving average price is $114.83 and its 200-day moving average price is $112.30.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities analysts predict that Sempra Energy will post $5.22 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/26/sempra-energy-sre-shares-sold-by-victory-capital-management-inc.html.

SRE has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 28th. BMO Capital Markets reissued a “hold” rating and issued a $115.00 target price on shares of Sempra Energy in a research report on Wednesday, May 10th. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a research report on Thursday, June 8th. BidaskClub cut Sempra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus 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.

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

Receive News & Stock Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related stocks with our FREE daily email newsletter.