Sempra Energy $SRE Shares Bought by Focus Partners Wealth

Focus Partners Wealth lifted its position in Sempra Energy (NYSE:SRE) by 49.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,047 shares of the utilities provider’s stock after acquiring an additional 12,324 shares during the quarter. Focus Partners Wealth’s holdings in Sempra Energy were worth $2,645,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SRE. Quantinno Capital Management LP grew its position 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 acquiring an additional 8,638 shares in the last quarter. Vivaldi Capital Management LP acquired a new position in Sempra Energy during the 4th quarter valued at approximately $283,000. Vident Advisory LLC boosted its position in Sempra Energy by 26.0% during the 4th quarter. Vident Advisory LLC now owns 15,938 shares of the utilities provider’s stock valued at $1,398,000 after purchasing an additional 3,284 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Sempra Energy during the 4th quarter valued at approximately $9,878,000. Finally, Woodline Partners LP acquired a new position in Sempra Energy during the 4th quarter valued at approximately $3,337,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the business’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 transaction, the senior vice president owned 15,600 shares in the company, valued at $1,248,000. This trade represents a 9.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,554 shares of company stock worth $2,976,117 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SRE has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Sempra Energy in a research report on Thursday, August 21st. Barclays boosted their price objective on Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Finally, Citigroup restated a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.27.

Sempra Energy Stock Performance

Shares of NYSE SRE opened at $83.44 on Tuesday. The business’s 50-day moving average price is $80.49 and its two-hundred day moving average price is $75.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. Sempra Energy has a one year low of $61.90 and a one year high of $95.77. The company has a market capitalization of $54.44 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.67 and a beta of 0.65.

Sempra Energy (NYSE:SRE) last issued its 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. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. Analysts anticipate that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

About Sempra Energy

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.