Todd Asset Management LLC Purchases 59,921 Shares of Sempra Energy (SRE)

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Todd Asset Management LLC grew its stake in shares of Sempra Energy (NYSE:SRE) by 72.1% during the 1st quarter, HoldingsChannel reports. The firm owned 142,992 shares of the utilities provider’s stock after acquiring an additional 59,921 shares during the period. Todd Asset Management LLC’s holdings in Sempra Energy were worth $17,997,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SRE. Columbia Asset Management increased its stake in shares of Sempra Energy by 179.6% during the 4th quarter. Columbia Asset Management now owns 2,533 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 1,627 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Sempra Energy by 15.3% during the 4th quarter. TD Asset Management Inc. now owns 313,291 shares of the utilities provider’s stock valued at $33,895,000 after acquiring an additional 41,553 shares during the last quarter. BP PLC increased its stake in shares of Sempra Energy by 60.6% during the 4th quarter. BP PLC now owns 53,000 shares of the utilities provider’s stock valued at $5,734,000 after acquiring an additional 20,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sempra Energy during the 4th quarter valued at about $1,643,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Sempra Energy by 322.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 97,773 shares of the utilities provider’s stock valued at $10,577,000 after acquiring an additional 74,639 shares during the last quarter. Institutional investors and hedge funds own 97.19% of the company’s stock.

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Sempra Energy from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Argus upped their price objective on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Co upped their price objective on shares of Sempra Energy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sempra Energy has an average rating of “Buy” and a consensus target price of $130.14.

In other Sempra Energy news, Director Lynn Schenk sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.92, for a total value of $644,600.00. Following the completion of the transaction, the director now owns 16,306 shares in the company, valued at approximately $2,102,169.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP G Joyce Rowland sold 2,393 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was 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 of the company’s stock, valued at approximately $1,506,036.46. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

SRE traded up $1.61 on Tuesday, reaching $132.79. 23,096 shares of the company’s stock were exchanged, compared to its average volume of 1,662,466. The company has a market cap of $35.79 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $131.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.38.

Sempra Energy (NYSE:SRE) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ 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 in the prior year, the company earned $1.43 EPS. On average, sell-side analysts predict that Sempra Energy will post 6.02 earnings per share for the current year.

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

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