Gofen & Glossberg LLC IL lowered its stake in Sempra Energy (NYSE:SRE) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,685 shares of the company’s stock after selling 58 shares during the period. Gofen & Glossberg LLC IL’s holdings in Sempra Energy were worth $395,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SRE. Point72 Asia Hong Kong Ltd boosted its stake in shares of Sempra Energy by 200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 900 shares of the company’s stock valued at $103,000 after buying an additional 600 shares during the last quarter. Riggs Asset Managment Co. Inc. acquired a new position in Sempra Energy during the second quarter valued at about $114,000. Cantab Capital Partners LLP acquired a new position in Sempra Energy during the second quarter valued at about $126,000. Pinkerton Retirement Specialists LLC acquired a new position in Sempra Energy during the second quarter valued at about $128,000. Finally, FineMark National Bank & Trust raised its position in Sempra Energy by 4.3% in the second quarter. FineMark National Bank & Trust now owns 1,134 shares of the company’s stock valued at $129,000 after buying an additional 47 shares during the period. 78.74% of the stock is currently owned by hedge funds and other institutional investors.
Sempra Energy (NYSE:SRE) traded up 0.79% during trading on Friday, reaching $99.46. 428,125 shares of the company’s stock traded hands. The company has a market cap of $24.90 billion, a P/E ratio of 18.46 and a beta of 0.52. The firm’s 50 day moving average is $102.17 and its 200 day moving average is $106.68. Sempra Energy has a 12 month low of $86.72 and a 12 month high of $114.66.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Sempra Energy had a net margin of 13.24% and a return on equity of 9.41%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. Analysts anticipate that Sempra Energy will post $4.81 EPS for the current year.
Several research analysts have issued reports on SRE shares. Guggenheim restated a “buy” rating and issued a $121.00 price target on shares of Sempra Energy in a research report on Monday, November 7th. Argus restated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, September 20th. Finally, Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $112.89.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.