Wells Fargo & Company MN boosted its stake in shares of Sempra Energy (NYSE:SRE) by 32.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 517,344 shares of the utilities provider’s stock after purchasing an additional 126,814 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of Sempra Energy worth $59,045,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SRE. Principal Financial Group Inc. grew its position in Sempra Energy by 240.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock worth $144,664,000 after purchasing an additional 905,963 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of Sempra Energy in the 2nd quarter valued at $85,559,000. Capital International Investors boosted its holdings in shares of Sempra Energy by 7.1% in the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after acquiring an additional 661,199 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Sempra Energy by 1,806.5% in the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after acquiring an additional 573,891 shares during the last quarter. Finally, CI Investments Inc. boosted its holdings in shares of Sempra Energy by 125.3% in the 2nd quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after acquiring an additional 514,100 shares during the last quarter. 80.62% of the stock is currently owned by institutional investors.

Several analysts have recently commented on SRE shares. J P Morgan Chase & Co dropped their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Wells Fargo & Company dropped their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. Goldman Sachs Group raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Finally, Bank of America started coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sempra Energy currently has a consensus rating of “Buy” and a consensus target price of $124.56.

Shares of Sempra Energy (NYSE:SRE) traded up $0.26 during midday trading on Friday, reaching $116.69. 1,912,703 shares of the company were exchanged, compared to its average volume of 1,316,031. Sempra Energy has a 12-month low of $99.48 and a 12-month high of $122.97. The stock has a market capitalization of $29,232.96, a P/E ratio of 21.56, a PEG ratio of 2.56 and a beta of 0.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. equities analysts predict that Sempra Energy will post 5.24 earnings per share for the current fiscal year.

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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.

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

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