Sempra Energy (SRE) Shares Bought by Andra AP fonden
Andra AP fonden boosted its position in shares of Sempra Energy (NYSE:SRE) by 119.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,800 shares of the utilities provider’s stock after buying an additional 17,300 shares during the period. Andra AP fonden’s holdings in Sempra Energy were worth $3,585,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. ING Groep NV purchased a new position in shares of Sempra Energy during the first quarter worth approximately $892,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Sempra Energy by 18.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,806 shares of the utilities provider’s stock worth $1,084,000 after buying an additional 1,523 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Sempra Energy by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 206,079 shares of the utilities provider’s stock worth $22,749,000 after buying an additional 4,810 shares during the last quarter. Private Capital Management Inc. purchased a new position in shares of Sempra Energy during the first quarter worth approximately $221,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Sempra Energy by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,696 shares of the utilities provider’s stock worth $4,386,000 after buying an additional 103 shares during the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.
Shares of Sempra Energy (SRE) opened at 117.75 on Thursday. The firm has a market cap of $29.56 billion, a PE ratio of 17.42 and a beta of 0.54. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $119.66. The company has a 50 day moving average price of $114.83 and a 200 day moving average price of $112.30.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.79 EPS. The company’s revenue was up 17.5% on a year-over-year basis. On average, analysts forecast that Sempra Energy will post $5.22 earnings per share for the current fiscal year.
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A number of brokerages have commented on SRE. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price for the company. in a report on Thursday, June 8th. BidaskClub raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Morgan Stanley increased their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target 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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