Sempra Energy $SRE Position Increased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its stake in Sempra Energy by 57.3% during the 1st quarter, holding 34,134 shares worth approximately $2.44 million by the end of the reporting period.
• Sempra Energy reported earnings of $0.89 EPS for the last quarter, beating estimates, but revenue decreased by 0.4% year-over-year, totaling $3 billion.
• Analysts have rated Sempra Energy with an average target price of $82.33, with a majority of analysts issuing a "Buy" or “Hold” rating on the stock.

NewEdge Advisors LLC increased its stake in Sempra Energy (NYSE:SRE - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,134 shares of the utilities provider's stock after purchasing an additional 12,439 shares during the period. NewEdge Advisors LLC's holdings in Sempra Energy were worth $2,436,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SRE. Nuveen Asset Management LLC lifted its holdings in shares of Sempra Energy by 10.1% in the 4th quarter. Nuveen Asset Management LLC now owns 2,774,326 shares of the utilities provider's stock worth $243,364,000 after purchasing an additional 253,585 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of Sempra Energy in the 4th quarter worth approximately $589,000. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Sempra Energy by 0.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 77,258 shares of the utilities provider's stock worth $6,781,000 after purchasing an additional 534 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in shares of Sempra Energy in the 4th quarter worth approximately $820,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Sempra Energy by 28.2% in the 4th quarter. Quantinno Capital Management LP now owns 39,231 shares of the utilities provider's stock worth $3,441,000 after purchasing an additional 8,638 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Up 2.0%

Shares of SRE stock opened at $81.96 on Thursday. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The stock has a market cap of $53.48 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.55 and a beta of 0.65. The business's fifty day moving average is $79.98 and its 200-day moving average is $75.55. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48.

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

Analyst Upgrades and Downgrades

SRE has been the topic of several recent analyst reports. Barclays lifted their target price on Sempra Energy from $71.00 to $80.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 26th. Citigroup reaffirmed a "neutral" rating and set a $80.00 target price (up previously from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Sempra Energy in a research note on Thursday, August 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $82.33.

Insider Buying and Selling at Sempra Energy

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

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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