Mariner LLC Has $440,000 Holdings in Sempra Energy (SRE)

Mariner LLC grew its stake in Sempra Energy (NYSE:SRE) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,958 shares of the utilities provider’s stock after buying an additional 1,338 shares during the quarter. Mariner LLC’s holdings in Sempra Energy were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SRE. Candriam Luxembourg S.C.A. increased its position in Sempra Energy by 4.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 18,466 shares of the utilities provider’s stock worth $1,974,000 after buying an additional 841 shares in the last quarter. Global X Management Co. LLC increased its position in Sempra Energy by 111.2% in the fourth quarter. Global X Management Co. LLC now owns 5,771 shares of the utilities provider’s stock worth $617,000 after buying an additional 3,039 shares in the last quarter. D.A. Davidson & CO. increased its position in Sempra Energy by 34.8% in the fourth quarter. D.A. Davidson & CO. now owns 9,597 shares of the utilities provider’s stock worth $1,026,000 after buying an additional 2,479 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Sempra Energy by 19.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 4,198 shares of the utilities provider’s stock worth $450,000 after buying an additional 678 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Sempra Energy by 3.7% in the fourth quarter. Arizona State Retirement System now owns 83,107 shares of the utilities provider’s stock worth $8,886,000 after buying an additional 2,933 shares in the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.

In related news, VP G Joyce Rowland sold 3,948 shares of the stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $109.81, for a total transaction of $433,529.88. Following the completion of the transaction, the vice president now directly owns 2,655 shares of the company’s stock, valued at $291,545.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Debra L. Reed sold 49,909 shares of the stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $110.37, for a total value of $5,508,456.33. Following the transaction, the chairman now directly owns 177,227 shares of the company’s stock, valued at $19,560,543.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,775 shares of company stock valued at $6,142,993. 0.16% of the stock is owned by corporate insiders.

Several research firms recently issued reports on SRE. Bank of America increased their target price on Sempra Energy from $111.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 12th. Wells Fargo & Co cut Sempra Energy from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $118.00 to $123.00 in a research report on Tuesday, June 12th. ValuEngine upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. JPMorgan Chase & Co. cut their target price on Sempra Energy from $112.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, June 4th. Finally, Argus upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Sempra Energy currently has a consensus rating of “Buy” and an average price target of $121.50.

NYSE:SRE opened at $113.27 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.37 and a quick ratio of 0.34. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $122.97. The stock has a market cap of $29.76 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.47.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, May 7th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.19). Sempra Energy had a net margin of 1.45% and a return on equity of 8.30%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $1.74 earnings per share. Sempra Energy’s quarterly revenue was down 2.3% on a year-over-year basis. research analysts anticipate that Sempra Energy will post 5.42 EPS for the current year.

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 engages in the generation, transmission, and distribution of electricity.

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

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