Delta Investment Management LLC Takes Position in Sempra Energy $SRE

Key Points

• Delta Investment Management LLC acquired a new position in Sempra Energy, purchasing 3,604 shares valued at approximately $257,000.
• Hedge funds and institutional investors own 89.65% of Sempra Energy's stock, indicating strong institutional interest in the company.
• Sempra Energy's shares recently opened at $82.33, with a 1-year high of $95.77, and the company has reported earnings per share of $0.89 for the latest quarter.

Delta Investment Management LLC acquired a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,604 shares of the utilities provider's stock, valued at approximately $257,000.

A number of other institutional investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC grew its position in shares of Sempra Energy by 1.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,194 shares of the utilities provider's stock valued at $719,000 after purchasing an additional 124 shares in the last quarter. MJP Associates Inc. ADV lifted its holdings in shares of Sempra Energy by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 6,195 shares of the utilities provider's stock valued at $543,000 after acquiring an additional 125 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Sempra Energy by 1.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider's stock valued at $583,000 after acquiring an additional 133 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of Sempra Energy by 5.0% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 2,988 shares of the utilities provider's stock valued at $211,000 after acquiring an additional 141 shares during the last quarter. Finally, Applied Finance Capital Management LLC lifted its holdings in shares of Sempra Energy by 1.3% in the 1st quarter. Applied Finance Capital Management LLC now owns 11,334 shares of the utilities provider's stock valued at $809,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company's stock.

Insider Activity

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 1,576 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value of $126,080.00. Following the completion of the sale, the senior vice president owned 15,600 shares of the company's stock, valued at $1,248,000. This trade represents a 9.18% decrease in their ownership of the stock. 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 Sempra Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the sale, the executive vice president directly owned 39,380 shares of the company's stock, valued at $3,229,553.80. This represents a 11.49% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Sempra Energy Stock Up 0.7%

Shares of NYSE SRE opened at $82.33 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The company has a market cap of $53.72 billion, a P/E ratio of 19.89, a PEG ratio of 2.29 and a beta of 0.62. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The firm has a 50-day simple moving average of $78.70 and a two-hundred day simple moving average of $75.74.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SRE shares. Citigroup reaffirmed a "neutral" rating and issued a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. BMO Capital Markets increased their price target on shares of Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Barclays increased their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Sempra Energy in a report on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sempra Energy has a consensus rating of "Moderate Buy" and an average price target of $82.33.

Sempra Energy Company 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.

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