Dai Ichi Life Insurance Company Ltd grew its stake in Sempra Energy (NYSE:SRE) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,886 shares of the utilities provider’s stock after buying an additional 3,468 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Sempra Energy were worth $2,541,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Squar Milner Financial Services LLC acquired a new position in shares of Sempra Energy in the 2nd quarter valued at about $105,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Sempra Energy in the 1st quarter valued at about $145,000. Savant Capital LLC acquired a new position in shares of Sempra Energy in the 2nd quarter valued at about $201,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Sempra Energy in the 2nd quarter valued at about $202,000. Finally, Howland Capital Management LLC acquired a new position in shares of Sempra Energy in the 2nd quarter valued at about $203,000. 88.27% of the stock is owned by institutional investors and hedge funds.
Shares of Sempra Energy stock opened at $118.14 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 1.28. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $122.97. The stock has a market capitalization of $31.74 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 2.68 and a beta of 0.39.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business earned $1.10 EPS. Sempra Energy’s quarterly revenue 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 brokerages have recently issued reports on SRE. Argus raised Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Monday, May 21st. Bank of America lifted their price target on Sempra Energy from $118.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Wells Fargo & Co upgraded Sempra Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $125.00 to $128.00 in a research note on Monday, August 20th. ValuEngine upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Sempra Energy in a research note on Friday, August 17th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price 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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