Sempra Energy (SRE) Holdings Cut by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of Sempra Energy (NYSE:SRE) by 17.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,753 shares of the utilities provider’s stock after selling 775 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Sempra Energy were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Sempra Energy by 0.3% during the second quarter. BlackRock Inc. now owns 20,037,400 shares of the utilities provider’s stock valued at $2,259,219,000 after acquiring an additional 68,576 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Sempra Energy by 2.5% during the second quarter. Vanguard Group Inc. now owns 17,796,341 shares of the utilities provider’s stock valued at $2,006,537,000 after acquiring an additional 429,693 shares during the last quarter. Capital International Investors raised its holdings in shares of Sempra Energy by 7.1% during the second quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after acquiring an additional 661,199 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sempra Energy by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock valued at $454,591,000 after acquiring an additional 80,131 shares during the last quarter. Finally, Parnassus Investments CA raised its holdings in shares of Sempra Energy by 8.0% during the third quarter. Parnassus Investments CA now owns 3,602,061 shares of the utilities provider’s stock valued at $411,103,000 after acquiring an additional 265,851 shares during the last quarter. Institutional investors own 80.61% of the company’s stock.

Sempra Energy (NYSE:SRE) traded down $0.51 during trading hours on Friday, hitting $120.48. The company had a trading volume of 1,195,329 shares, compared to its average volume of 1,163,749. Sempra Energy has a 12-month low of $98.12 and a 12-month high of $122.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. The firm has a market capitalization of $30,249.88, a PE ratio of 22.31, a PEG ratio of 2.65 and a beta of 0.61.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the consensus estimate of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts forecast that Sempra Energy will post 5.24 EPS for the current year.

A number of equities analysts have commented on the company. Royal Bank Of Canada reissued a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co reduced their target price on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Goldman Sachs Group raised Sempra Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Morgan Stanley increased their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company reduced their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $124.56.

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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.

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

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