American International Group Inc. reduced its position in shares of Sempra Energy (NYSE:SRE) by 0.6% during the first quarter, HoldingsChannel reports. The firm owned 97,072 shares of the utilities provider’s stock after selling 583 shares during the period. American International Group Inc.’s holdings in Sempra Energy were worth $12,217,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc increased its holdings in Sempra Energy by 5.0% during the third quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock worth $2,364,110,000 after buying an additional 997,607 shares during the last quarter. Norges Bank purchased a new stake in Sempra Energy during the fourth quarter worth about $653,205,000. Northern Trust Corp increased its holdings in Sempra Energy by 3.7% during the fourth quarter. Northern Trust Corp now owns 3,581,680 shares of the utilities provider’s stock worth $387,503,000 after buying an additional 127,339 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sempra Energy by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock worth $380,344,000 after buying an additional 253,809 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Sempra Energy by 10,582.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock worth $29,000 after buying an additional 3,070,305 shares during the last quarter. 97.19% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on SRE shares. Wells Fargo & Co raised their price objective on shares of Sempra Energy from $128.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Morgan Stanley raised their price objective on shares of Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Argus raised their price objective on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, ValuEngine downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sempra Energy currently has an average rating of “Buy” and an average target price of $130.14.
Sempra Energy (NYSE:SRE) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.23. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $3.12 billion. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. On average, equities research analysts anticipate that Sempra Energy will post 6.01 EPS for the current year.
In other news, VP G Joyce Rowland sold 2,393 shares of Sempra Energy stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $120.86, for a total value of $289,217.98. Following the completion of the transaction, the vice president now owns 12,461 shares in the company, valued at $1,506,036.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Schenk sold 5,000 shares of Sempra Energy stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $644,600.00. Following the completion of the transaction, the director now owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.
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Sempra Energy Company Profile
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 generates, transmits, and distributes electricity; and supplies natural gas.
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