Sempra Energy (NYSE:SRE) Shares Sold by Comerica Bank

Comerica Bank lowered its stake in shares of Sempra Energy (NYSE:SRE) by 28.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,883 shares of the utilities provider’s stock after selling 26,926 shares during the quarter. Comerica Bank’s holdings in Sempra Energy were worth $7,751,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SRE. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Sempra Energy by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock valued at $3,950,000 after purchasing an additional 460 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Sempra Energy by 4.1% in the third quarter. Gateway Investment Advisers LLC now owns 11,582 shares of the utilities provider’s stock valued at $1,317,000 after purchasing an additional 461 shares during the last quarter. Gradient Investments LLC raised its holdings in shares of Sempra Energy by 6.2% in the third quarter. Gradient Investments LLC now owns 8,315 shares of the utilities provider’s stock valued at $946,000 after purchasing an additional 488 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Sempra Energy by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock valued at $4,813,000 after purchasing an additional 496 shares during the last quarter. Finally, Glen Harbor Capital Management LLC grew its stake in shares of Sempra Energy by 11.7% in the second quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock valued at $552,000 after buying an additional 496 shares in the last quarter. 94.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on SRE shares. Bank of America lifted their price objective on shares of Sempra Energy from $118.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. ValuEngine cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Morgan Stanley set a $120.00 target price on shares of Sempra Energy and gave the company an “equal weight” rating in a research report on Friday, August 10th. Wells Fargo & Co boosted their price target on Sempra Energy from $129.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.38.

In other news, Chairman Debra L. Reed sold 27,300 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $117.20, for a total transaction of $3,199,560.00. Following the transaction, the chairman now directly owns 145,256 shares of the company’s stock, valued at $17,024,003.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Trevor I. Mihalik sold 4,744 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $116.97, for a total value of $554,905.68. Following the transaction, the vice president now directly owns 15,719 shares in the company, valued at $1,838,651.43. The disclosure for this sale can be found here. Insiders sold 37,749 shares of company stock worth $4,425,260 over the last quarter. 0.16% of the stock is currently owned by company insiders.

Shares of Sempra Energy stock traded up $1.23 on Monday, hitting $116.45. The stock had a trading volume of 1,991,089 shares, compared to its average volume of 2,190,651. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $127.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.59 and a quick ratio of 0.55. The company has a market capitalization of $31.53 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.62 and a beta of 0.40.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Sempra Energy will post 5.42 EPS for the current year.

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About Sempra Energy

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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