Bbva Compass Bancshares Inc. Has $319,000 Position in Sempra Energy (NYSE:SRE)

Bbva Compass Bancshares Inc. cut its stake in shares of Sempra Energy (NYSE:SRE) by 3.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,827 shares of the utilities provider’s stock after selling 103 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Sempra Energy were worth $319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC boosted its position in Sempra Energy by 14.4% in the second quarter. Alpha Cubed Investments LLC now owns 3,965 shares of the utilities provider’s stock valued at $447,000 after buying an additional 500 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Sempra Energy by 10,928.3% in the second quarter. Harbour Capital Advisors LLC now owns 251,996 shares of the utilities provider’s stock worth $2,235,000 after buying an additional 249,711 shares during the last quarter. IBM Retirement Fund raised its position in shares of Sempra Energy by 120.3% in the second quarter. IBM Retirement Fund now owns 6,137 shares of the utilities provider’s stock worth $774,000 after buying an additional 3,351 shares during the last quarter. NGAM Advisors L.P. raised its position in shares of Sempra Energy by 4.1% in the second quarter. NGAM Advisors L.P. now owns 15,153 shares of the utilities provider’s stock worth $1,709,000 after buying an additional 600 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in shares of Sempra Energy by 145.0% in the second quarter. Sumitomo Life Insurance Co. now owns 16,744 shares of the utilities provider’s stock worth $1,888,000 after buying an additional 9,911 shares during the last quarter. 80.54% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy (NYSE:SRE) traded up 0.66% during mid-day trading on Friday, hitting $116.55. 847,955 shares of the company traded hands. Sempra Energy has a one year low of $92.95 and a one year high of $117.97. The firm has a market capitalization of $29.26 billion, a P/E ratio of 17.24 and a beta of 0.54. The firm has a 50 day moving average of $113.93 and a 200 day moving average of $111.72.

Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.30. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. Sempra Energy’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. Equities research analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a research report on Monday, July 24th. Finally, Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a research report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.00.

In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the completion of the transaction, the chief executive officer now owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is owned by insiders.

Sempra Energy Company Profile

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

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

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