Stratos Wealth Partners LTD. Has $380,000 Stake in Sempra Energy (NYSE:SRE)

Stratos Wealth Partners LTD. boosted its stake in shares of Sempra Energy (NYSE:SRE) by 39.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,371 shares of the utilities provider’s stock after buying an additional 958 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sempra Energy were worth $380,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Sempra Energy by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 6,800 shares of the utilities provider’s stock valued at $767,000 after buying an additional 250 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in shares of Sempra Energy by 0.4% in the second quarter. Weatherly Asset Management L. P. now owns 4,442 shares of the utilities provider’s stock valued at $501,000 after buying an additional 17 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Sempra Energy by 4.8% in the second quarter. Bessemer Group Inc. now owns 5,766 shares of the utilities provider’s stock valued at $651,000 after buying an additional 266 shares during the last quarter. Finally, CAPROCK Group Inc. raised its stake in shares of Sempra Energy by 10.6% in the second quarter. CAPROCK Group Inc. now owns 3,463 shares of the utilities provider’s stock valued at $390,000 after buying an additional 331 shares during the last quarter. 80.54% of the stock is owned by institutional investors.

Shares of Sempra Energy (NYSE SRE) traded up 0.66% during midday trading on Friday, hitting $116.55. 847,955 shares of the stock were exchanged. The firm has a market cap of $29.26 billion, a PE ratio of 17.24 and a beta of 0.54. The firm’s 50-day moving average is $113.93 and its 200 day moving average is $111.72. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $117.97.

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, beating analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm posted $0.79 earnings per share. Sempra Energy’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts forecast that Sempra Energy will post $5.23 earnings per share for the current year.

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SRE has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Sempra Energy from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 28th. BMO Capital Markets reiterated a “hold” rating and set a $115.00 target price on shares of Sempra Energy in a research report on Wednesday, May 10th. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price for the company. in a research report on Thursday, June 8th. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $121.00.

In related news, CEO Debra L. Reed sold 23,000 shares of the firm’s stock in a transaction 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 directly owns 112,345 shares of the company’s stock, valued at $12,743,293.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

About Sempra Energy

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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