Ariel Investments LLC reduced its stake in shares of Sempra Energy (NYSE:SRE) by 29.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 217,127 shares of the utilities provider’s stock after selling 92,256 shares during the period. Ariel Investments LLC owned approximately 0.08% of Sempra Energy worth $25,211,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Squar Milner Financial Services LLC acquired a new stake in Sempra Energy during the 2nd quarter worth approximately $105,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Sempra Energy in the first quarter valued at approximately $145,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $185,000. Savant Capital LLC acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $201,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.

A number of analysts have recently issued reports on SRE shares. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Monday, May 7th. Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Morgan Stanley set a $120.00 price objective on shares of Sempra Energy and gave the company an “equal weight” rating in a report on Friday, August 10th. ValuEngine upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Finally, JPMorgan Chase & Co. set a $110.00 price objective on shares of Sempra Energy and gave the company a “hold” rating in a report on Monday, July 30th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Sempra Energy currently has a consensus rating of “Buy” and an average target price of $123.11.

NYSE SRE opened at $115.57 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.58. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $122.97. The company has a market capitalization of $31.83 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.68 and a beta of 0.42.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. analysts predict that Sempra Energy will post 5.45 EPS for the current fiscal year.

Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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

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