SG Americas Securities LLC decreased its holdings in Sempra Energy (NYSE:SRE) by 78.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,817 shares of the utilities provider’s stock after selling 36,777 shares during the period. SG Americas Securities LLC’s holdings in Sempra Energy were worth $1,140,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of SRE. Squar Milner Financial Services LLC bought a new position in shares of Sempra Energy in the 2nd quarter valued at $105,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Sempra Energy in the 1st quarter valued at $145,000. Cornerstone Wealth Management LLC bought a new position in shares of Sempra Energy in the 2nd quarter valued at $185,000. Savant Capital LLC bought a new position in shares of Sempra Energy in the 2nd quarter valued at $201,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Sempra Energy in the 2nd quarter valued at $202,000. Institutional investors own 88.27% of the company’s stock.
NYSE SRE opened at $116.99 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.58. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $122.97. The firm has a market cap of $31.74 billion, a P/E ratio of 21.66, a PEG ratio of 2.68 and a beta of 0.39.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.17. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the business posted $1.10 EPS. Sempra Energy’s revenue for the quarter was up 1.2% on a year-over-year basis. analysts forecast that Sempra Energy will post 5.45 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on SRE shares. Argus lifted their price target on Sempra Energy to $130.00 and gave the company a “buy” rating in a research note on Monday, July 9th. Morgan Stanley set a $120.00 price target on Sempra Energy and gave the company an “equal weight” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. set a $110.00 price target on Sempra Energy and gave the company a “hold” rating in a research note on Monday, July 30th. ValuEngine upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Wells Fargo & Co lowered Sempra Energy from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $118.00 to $123.00 in a research note on Tuesday, June 12th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sempra Energy has an average rating of “Buy” and a consensus price target of $123.11.
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.
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