Tokio Marine Asset Management Co. Ltd. Buys 3,660 Shares of Sempra Energy $SRE

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Sempra Energy by 22.5%, owning 19,892 shares worth approximately $1.42 million.
• Several prominent institutional investors, including Vanguard Group Inc. and Invesco Ltd., have also raised their positions in Sempra Energy during the same quarter.
• Sempra Energy reported a quarterly earnings per share (EPS) of $0.89, surpassing the consensus estimate of $0.82, while revenues were slightly below expectations at $3 billion.

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 22.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,892 shares of the utilities provider's stock after buying an additional 3,660 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Sempra Energy were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

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

Sempra Energy Trading Up 1.9%

Shares of Sempra Energy stock traded up $1.5560 during trading on Tuesday, hitting $82.5460. The stock had a trading volume of 1,495,267 shares, compared to its average volume of 4,539,148. The stock has a 50 day simple moving average of $77.68 and a 200 day simple moving average of $75.64. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The company has a market capitalization of $53.86 billion, a PE ratio of 19.93, a P/E/G ratio of 2.28 and a beta of 0.62. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. The company 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 company's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. On average, research analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Insider Transactions at Sempra Energy

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 in the company, valued at approximately $1,248,000. This trade represents a 9.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Caroline Ann Winn sold 5,114 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the completion of the transaction, the executive vice president directly owned 39,380 shares in the company, valued at $3,229,553.80. This trade represents a 11.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SRE. Morgan Stanley reaffirmed an "overweight" rating and set a $88.00 price target (up from $87.00) on shares of Sempra Energy in a report on Wednesday, June 18th. Citigroup reaffirmed a "neutral" rating and set a $80.00 price target (up from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Barclays lowered their price target on shares of Sempra Energy from $72.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Finally, BMO Capital Markets raised 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. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.58.

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.