Raymond James Trust N.A. Has $1.35 Million Stake in Sempra Energy (SRE)

Raymond James Trust N.A. lifted its holdings in shares of Sempra Energy (NYSE:SRE) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,835 shares of the utilities provider’s stock after buying an additional 606 shares during the quarter. Raymond James Trust N.A.’s holdings in Sempra Energy were worth $1,347,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ELM Advisors LLC acquired a new position in Sempra Energy during the third quarter valued at approximately $101,000. Columbia Asset Management acquired a new position in Sempra Energy during the third quarter valued at approximately $103,000. JNBA Financial Advisors acquired a new position in Sempra Energy during the third quarter valued at approximately $110,000. Psagot Investment House Ltd. acquired a new position in Sempra Energy during the third quarter valued at approximately $125,000. Finally, Truvestments Capital LLC acquired a new position in Sempra Energy during the third quarter valued at approximately $126,000. Institutional investors own 90.58% of the company’s stock.

Shares of SRE opened at $115.22 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $127.22. The company has a market capitalization of $30.83 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.56 and a beta of 0.37.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.10. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.33%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Analysts anticipate that Sempra Energy will post 5.42 earnings per share for the current year.

In other Sempra Energy news, CEO Jeffrey W. Martin sold 5,705 shares of Sempra Energy stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $117.58, for a total value of $670,793.90. Following the transaction, the chief executive officer now owns 29,660 shares of the company’s stock, valued at $3,487,422.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Trevor I. Mihalik sold 4,744 shares of Sempra Energy stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $116.97, for a total transaction of $554,905.68. Following the completion of the transaction, the vice president now directly owns 15,719 shares in the company, valued at approximately $1,838,651.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,749 shares of company stock worth $4,425,260. Insiders own 0.17% of the company’s stock.

A number of research analysts recently issued reports on SRE shares. Morgan Stanley started coverage on shares of Sempra Energy in a report on Friday, August 10th. They set a “weight” rating for the company. Bank of America decreased their price objective on shares of Sempra Energy from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, September 26th. Wells Fargo & Co boosted their price objective on shares of Sempra Energy from $129.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Finally, ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $123.38.

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Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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

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