Sempra Energy Sees Unusually High Options Volume (SRE)

Sempra Energy (NYSE:SRE) saw some unusual options trading on Monday. Investors acquired 895 put options on the company. This is an increase of 685% compared to the typical daily volume of 114 put options.

Sempra Energy (NYSE:SRE) opened at $116.31 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. The company has a market capitalization of $29,170.00, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.65 and a beta of 0.61. Sempra Energy has a 12 month low of $98.49 and a 12 month high of $122.97.

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

SRE has been the topic of a number of research reports. Morgan Stanley raised their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Wells Fargo & Company decreased their price objective on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Goldman Sachs Group raised Sempra Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. J P Morgan Chase & Co decreased their price objective on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Finally, Bank of America assumed coverage on Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sempra Energy currently has an average rating of “Buy” and a consensus price target of $124.56.

Institutional investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. increased its stake in shares of Sempra Energy by 27.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after buying an additional 202 shares during the period. Grove Bank & Trust increased its stake in shares of Sempra Energy by 38.3% during 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 during the period. WESPAC Advisors SoCal LLC increased its stake in shares of Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after buying an additional 9 shares during the period. Parallel Advisors LLC increased its stake in shares of Sempra Energy by 49.7% during the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after buying an additional 436 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Sempra Energy during the third quarter valued at approximately $153,000. 80.62% of the stock is currently owned by institutional investors and hedge funds.

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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.

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