Amundi Has $111.50 Million Stock Holdings in Sempra Energy $SRE

Key Points

• Amundi has reduced its stake in Sempra Energy by 9.2%, selling 159,867 shares and retaining approximately 0.24% of the company's shares valued at $111.5 million.
• Several analysts have raised their price targets for Sempra Energy, with a consensus price target now at $82.33 and ratings showing seven "Buy" ratings and six "Hold" ratings.
• Sempra Energy's latest earnings report revealed an EPS of $0.89, exceeding expectations, although revenue fell short at $3 billion compared to the forecast of $3.35 billion.

Amundi lessened its position in shares of Sempra Energy (NYSE:SRE - Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,576,470 shares of the utilities provider's stock after selling 159,867 shares during the quarter. Amundi owned approximately 0.24% of Sempra Energy worth $111,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SRE. Mattson Financial Services LLC bought a new position in shares of Sempra Energy during the 4th quarter worth approximately $30,000. Park Square Financial Group LLC bought a new position in Sempra Energy in the 4th quarter valued at $41,000. Opal Wealth Advisors LLC bought a new position in Sempra Energy in the 1st quarter valued at $38,000. Eastern Bank raised its position in shares of Sempra Energy by 73.7% during the first quarter. Eastern Bank now owns 580 shares of the utilities provider's stock worth $41,000 after acquiring an additional 246 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Sempra Energy during the fourth quarter worth $56,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Energy Price Performance

Shares of SRE traded up $0.60 during trading hours on Thursday, reaching $82.61. The stock had a trading volume of 1,405,133 shares, compared to its average volume of 4,439,840. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.77. The stock has a market capitalization of $53.90 billion, a PE ratio of 19.98, a PEG ratio of 2.55 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. The company's 50-day moving average is $79.98 and its two-hundred day moving average is $75.55.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.Sempra Energy's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Research analysts expect that Sempra Energy will post 4.76 EPS for the current year.

Insider Buying and Selling at Sempra Energy

In related news, SVP Alexander Lisa Larroque sold 1,576 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total transaction of $126,080.00. Following the completion of the transaction, the senior vice president directly owned 15,600 shares of the company's stock, valued at $1,248,000. This trade represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Caroline Ann Winn sold 5,114 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $82.01, for a total value of $419,399.14. Following the transaction, the executive vice president directly owned 39,380 shares of the company's stock, valued at approximately $3,229,553.80. This represents a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SRE shares. Citigroup restated a "neutral" rating and set a $80.00 target price (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Barclays upped their target price on Sempra Energy from $71.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 26th. Finally, Morgan Stanley restated an "overweight" rating on shares of Sempra Energy in a research note on Thursday, August 21st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.33.

Sempra Energy Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.