Sumitomo Mitsui Trust Holdings Inc. Buys 88,572 Shares of Sempra Energy (SRE)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Sempra Energy (NYSE:SRE) by 13.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 768,503 shares of the utilities provider’s stock after acquiring an additional 88,572 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Sempra Energy worth $87,709,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SRE. Bronfman E.L. Rothschild L.P. lifted its position in shares of Sempra Energy by 27.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 202 shares during the last quarter. Grove Bank & Trust lifted its holdings 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 purchasing an additional 286 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in shares of Sempra Energy by 0.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Sempra Energy by 49.7% in the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 436 shares in the last quarter. Finally, Financial Architects Inc lifted its holdings in shares of Sempra Energy by 14.3% in the second quarter. Financial Architects Inc now owns 1,553 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.

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Sempra Energy (SRE) traded down $0.55 during trading on Friday, reaching $119.86. 1,339,300 shares of the company’s stock traded hands, compared to its average volume of 1,111,297. 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 firm has a market capitalization of $30,232.26, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Sempra Energy has a 52-week low of $98.04 and a 52-week high of $122.97.

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

A number of analysts have recently issued reports on SRE shares. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Bank of America Corporation initiated coverage on shares of Sempra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target on the stock. J P Morgan Chase & Co upped their price target on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $124.56.

Sempra Energy 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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