Atwood & Palmer Inc. Continues to Hold Position in Sempra Energy (SRE)
Atwood & Palmer Inc. maintained its stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the utilities provider’s stock at the end of the second quarter. Atwood & Palmer Inc.’s holdings in Sempra Energy were worth $451,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in SRE. Guardian Life Insurance Co. of America increased its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock worth $107,000 after buying an additional 6 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock worth $116,000 after buying an additional 286 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Sempra Energy by 49.7% in the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after buying an additional 436 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Sempra Energy during the first quarter worth approximately $170,000. Finally, Financial Architects Inc increased its stake in shares of Sempra Energy by 14.3% in the second quarter. Financial Architects Inc now owns 1,553 shares of the utilities provider’s stock worth $175,000 after buying an additional 194 shares in the last quarter. Institutional investors own 81.19% of the company’s stock.
Sempra Energy (SRE) traded down 0.29% during trading on Wednesday, hitting $118.43. The company had a trading volume of 114,199 shares. The stock has a 50-day moving average of $114.83 and a 200 day moving average of $112.30. The company has a market capitalization of $29.74 billion, a price-to-earnings ratio of 17.52 and a beta of 0.54. Sempra Energy has a one year low of $92.95 and a one year high of $119.66.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. Equities analysts forecast that Sempra Energy will post $5.22 EPS for the current fiscal year.
A number of brokerages have commented on SRE. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Morgan Stanley raised their price objective on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Barclays PLC downgraded 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. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued 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 given a buy rating to the company’s stock. Sempra Energy currently has an average rating of “Buy” and a consensus target price of $121.00.
About Sempra Energy
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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