Loomis Sayles & Co. L P reduced its position in shares of Sempra Energy (NYSE:SRE) by 53.8% during the first quarter, Holdings Channel reports. The fund owned 54,784 shares of the utilities provider’s stock after selling 63,805 shares during the period. Loomis Sayles & Co. L P’s holdings in Sempra Energy were worth $6,054,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SRE. Norges Bank bought a new stake in Sempra Energy during the fourth quarter worth approximately $492,301,000. Luminus Management LLC bought a new stake in Sempra Energy during the fourth quarter worth approximately $101,848,000. Energy Income Partners LLC bought a new stake in Sempra Energy during the fourth quarter worth approximately $77,449,000. Massachusetts Financial Services Co. MA raised its stake in Sempra Energy by 17.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,581,705 shares of the utilities provider’s stock worth $395,778,000 after buying an additional 544,234 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Sempra Energy by 256.7% in the first quarter. First Trust Advisors LP now owns 666,515 shares of the utilities provider’s stock worth $73,650,000 after buying an additional 479,656 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.
Sempra Energy (SRE) traded down 0.3364% on Tuesday, hitting $115.5899. The stock had a trading volume of 248,203 shares. The firm has a 50-day moving average of $113.76 and a 200 day moving average of $108.14. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $117.97. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of 19.8916 and a beta of 0.56.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.15. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Sempra Energy had a return on equity of 9.06% and a net margin of 13.77%. Sempra Energy’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. On average, analysts predict that Sempra Energy will post $5.10 earnings per share for the current year.
A number of equities research analysts recently commented on SRE shares. Morgan Stanley increased their price target on Sempra Energy from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. BMO Capital Markets reissued a “hold” rating and issued a $115.00 price target on shares of Sempra Energy in a research report on Wednesday, May 10th. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a research report on Thursday, June 8th. Finally, BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $119.60.
In related news, CEO Debra L. Reed sold 23,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the sale, the chief executive officer now owns 112,345 shares in the company, valued at $12,743,293.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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