Groupama Asset Managment Increases Holdings in Sempra Energy $SRE

Key Points

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Groupama Asset Managment increased its position in Sempra Energy (NYSE:SRE - Free Report) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,700 shares of the utilities provider's stock after acquiring an additional 53,605 shares during the period. Groupama Asset Managment owned approximately 0.07% of Sempra Energy worth $33,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Sempra Energy by 1.9% during the first quarter. Vanguard Group Inc. now owns 64,238,102 shares of the utilities provider's stock valued at $4,584,032,000 after acquiring an additional 1,220,047 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Sempra Energy by 26.8% during the first quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider's stock worth $3,474,236,000 after buying an additional 10,278,893 shares in the last quarter. Invesco Ltd. grew its position in Sempra Energy by 12.4% during the first quarter. Invesco Ltd. now owns 7,489,903 shares of the utilities provider's stock valued at $534,479,000 after buying an additional 823,663 shares during the period. Northern Trust Corp increased its holdings in Sempra Energy by 8.1% in the fourth quarter. Northern Trust Corp now owns 7,181,693 shares of the utilities provider's stock valued at $629,978,000 after buying an additional 538,919 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Sempra Energy by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 5,168,360 shares of the utilities provider's stock worth $368,814,000 after acquiring an additional 25,254 shares during the period. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Energy Trading Down 1.5%

Shares of NYSE SRE traded down $1.2030 during mid-day trading on Thursday, reaching $81.1970. 3,398,640 shares of the company's stock were exchanged, compared to its average volume of 3,543,492. The firm has a market capitalization of $52.98 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.31 and a beta of 0.62. Sempra Energy has a 52-week low of $61.90 and a 52-week high of $95.77. The company's 50-day moving average is $78.05 and its 200-day moving average is $75.73. 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 announced its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. Analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an "overweight" rating and set a $88.00 price target (up previously from $87.00) on shares of Sempra Energy in a research report on Wednesday, June 18th. BMO Capital Markets boosted their price target on Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Citigroup reaffirmed a "neutral" rating and set a $80.00 target price (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Finally, Barclays dropped their price objective on shares of Sempra Energy from $72.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sempra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.58.

Insider Activity

In related news, EVP Caroline Ann Winn sold 5,114 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 39,380 shares in the company, valued at $3,229,553.80. The trade was a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were 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 owned 15,600 shares of the company's stock, valued at $1,248,000. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

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.