Sun Life Financial INC lowered its stake in shares of Sempra Energy (NYSE:SRE) by 52.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221 shares of the utilities provider’s stock after selling 246 shares during the period. Sun Life Financial INC’s holdings in Sempra Energy were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Schroder Investment Management Group bought a new position in Sempra Energy during the second quarter valued at $384,000. Pointe Capital Management LLC increased its position in Sempra Energy by 10.7% during the second quarter. Pointe Capital Management LLC now owns 3,420 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 330 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Sempra Energy during the second quarter valued at $65,000. Rational Advisors LLC bought a new position in Sempra Energy during the second quarter valued at $52,000. Finally, Capital Investment Advisory Services LLC bought a new position in Sempra Energy during the second quarter valued at $481,000. Institutional investors own 97.29% of the company’s stock.
Shares of SRE traded down $0.61 during trading hours on Friday, reaching $141.63. 1,000,054 shares of the company traded hands, compared to its average volume of 1,487,608. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.04 and a beta of 0.45. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $142.91. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average price is $138.86 and its 200 day moving average price is $131.21.
SRE has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Sempra Energy from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. KeyCorp initiated coverage on shares of Sempra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $151.00 price objective on the stock. Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $141.00 to $142.00 in a research note on Thursday, June 27th. Barclays initiated coverage on shares of Sempra Energy in a research note on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 target price for the company. Finally, Zacks Investment Research lowered shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price for the company. in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $142.25.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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