Rational Advisors LLC reduced its stake in Sempra Energy (NYSE:SRE) by 25.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800 shares of the utilities provider’s stock after selling 600 shares during the period. Rational Advisors LLC’s holdings in Sempra Energy were worth $209,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new position in Sempra Energy in the second quarter worth about $105,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Sempra Energy during the first quarter valued at approximately $145,000. Cornerstone Wealth Management LLC bought a new position in shares of Sempra Energy during the second quarter valued at approximately $185,000. Savant Capital LLC bought a new position in shares of Sempra Energy during the second quarter valued at approximately $201,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Sempra Energy during the second quarter valued at approximately $202,000. 89.33% of the stock is owned by institutional investors.

SRE has been the subject of a number of analyst reports. Wells Fargo & Co downgraded shares of Sempra Energy from an “outperform” rating to a “market perform” rating and raised their target price for the company from $118.00 to $123.00 in a research note on Tuesday, June 12th. ValuEngine downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 18th. JPMorgan Chase & Co. decreased their target price on shares of Sempra Energy from $112.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, June 4th. Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Finally, Scotiabank raised shares of Sempra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, April 26th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $122.56.

Shares of NYSE SRE opened at $116.02 on Friday. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $122.97. The company has a market cap of $31.29 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.42. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 1.28.

Sempra Energy (NYSE:SRE) last announced its earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. sell-side analysts anticipate that Sempra Energy will post 5.43 EPS for the current year.

Sempra Energy 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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