Zions Bancorporation boosted its holdings in Sempra Energy (NYSE:SRE) by 281.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,738 shares of the utilities provider’s stock after acquiring an additional 1,282 shares during the quarter. Zions Bancorporation’s holdings in Sempra Energy were worth $198,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 202 shares in the last quarter. WESPAC Advisors SoCal LLC increased its stake in Sempra Energy by 0.7% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 9 shares in the last quarter. Parallel Advisors LLC increased its stake in Sempra Energy by 49.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 436 shares in the last quarter. Rocky Mountain Advisers LLC purchased a new position in Sempra Energy in the 3rd quarter worth about $183,000. Finally, San Francisco Sentry Investment Group CA purchased a new position in Sempra Energy in the 2nd quarter worth about $186,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.

Sempra Energy (SRE) traded down $3.34 during trading hours on Wednesday, reaching $114.69. The company’s stock had a trading volume of 1,608,600 shares, compared to its average volume of 1,135,613. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96. Sempra Energy has a 52 week low of $99.48 and a 52 week high of $122.97. The stock has a market cap of $29,634.69, a PE ratio of 21.86, a PEG ratio of 2.59 and a beta of 0.61.

Sempra Energy (NYSE:SRE) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business posted $1.02 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts forecast that Sempra Energy will post 5.24 EPS for the current year.

SRE has been the topic of a number of analyst reports. Goldman Sachs Group raised Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $129.00 in a research note on Wednesday, October 11th. Bank of America initiated coverage on Sempra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. J P Morgan Chase & Co lifted their price target on Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Company dropped their price target on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $124.56.

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Sempra Energy 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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