Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stake in Sempra Energy (SRE)
Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Sempra Energy (NYSE:SRE) by 20.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,425 shares of the utilities provider’s stock after buying an additional 9,897 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sempra Energy were worth $6,587,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of SRE. Watermark Asset Management Inc. purchased a new stake in shares of Sempra Energy during the first quarter valued at approximately $411,000. Teza Capital Management LLC purchased a new stake in shares of Sempra Energy during the first quarter valued at approximately $814,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Sempra Energy by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,696 shares of the utilities provider’s stock valued at $4,386,000 after buying an additional 103 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Sempra Energy by 0.7% in the first quarter. Prudential Financial Inc. now owns 352,815 shares of the utilities provider’s stock valued at $38,986,000 after buying an additional 2,590 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Sempra Energy by 914.9% in the first quarter. Bank of Nova Scotia now owns 57,522 shares of the utilities provider’s stock valued at $6,357,000 after buying an additional 51,854 shares during the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.
Shares of Sempra Energy (NYSE SRE) opened at 119.03 on Friday. The stock has a market capitalization of $29.89 billion, a PE ratio of 17.61 and a beta of 0.54. The firm has a 50-day moving average price of $114.83 and a 200 day moving average price of $112.30. Sempra Energy has a one year low of $92.95 and a one year high of $119.66.
Sempra Energy (NYSE:SRE) last released its earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.30. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, equities analysts expect that Sempra Energy will post $5.21 EPS for the current fiscal year.
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SRE has been the subject of several research reports. BidaskClub cut Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a research report on Thursday, June 8th. Morgan Stanley boosted their price target on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $121.00.
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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