Tiedemann Advisors LLC boosted its position in shares of Sempra Energy (NYSE:SRE) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,983 shares of the utilities provider’s stock after purchasing an additional 3,945 shares during the period. Tiedemann Advisors LLC’s holdings in Sempra Energy were worth $4,145,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Sempra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 20,631,499 shares of the utilities provider’s stock valued at $2,205,919,000 after purchasing an additional 475,879 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in Sempra Energy by 7.0% during the 4th quarter. State of Tennessee Treasury Department now owns 99,952 shares of the utilities provider’s stock valued at $10,687,000 after purchasing an additional 6,531 shares during the last quarter. Geode Capital Management LLC grew its holdings in Sempra Energy by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 2,656,308 shares of the utilities provider’s stock valued at $283,424,000 after purchasing an additional 85,865 shares during the last quarter. Dean Capital Investments Management LLC bought a new position in Sempra Energy during the 4th quarter valued at about $948,000. Finally, Sequoia Wealth Management LLC bought a new position in Sempra Energy during the 4th quarter valued at about $200,000. Institutional investors own 90.15% of the company’s stock.
Get Sempra Energy alerts:In other news, Chairman Debra L. Reed sold 49,909 shares of the company’s 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 completion of the sale, the chairman now owns 177,227 shares of the company’s stock, valued at approximately $19,560,543.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Ouchi sold 1,918 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $104.80, for a total transaction of $201,006.40. Following the completion of the sale, the director now directly owns 14,954 shares of the company’s stock, valued at approximately $1,567,179.20. The disclosure for this sale can be found here. Insiders sold a total of 55,775 shares of company stock valued at $6,142,993 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.
A number of equities analysts have commented on the stock. Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Monday, May 21st. ValuEngine downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 18th. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Monday, May 7th. Zacks Investment Research upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Tuesday, April 3rd. Finally, Bank of America dropped their target price on shares of Sempra Energy from $116.00 to $113.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Sempra Energy has an average rating of “Buy” and a consensus price target of $120.64.
Shares of Sempra Energy opened at $105.19 on Monday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.34 and a current ratio of 0.37. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 2.17 and a beta of 0.48. Sempra Energy has a one year low of $100.63 and a one year high of $122.97.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, May 7th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.19). Sempra Energy had a return on equity of 8.30% and a net margin of 1.45%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company posted $1.74 EPS. Sempra Energy’s revenue for the quarter was down 2.3% on a year-over-year basis. equities analysts forecast that Sempra Energy will post 5.48 EPS for the current fiscal 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.
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