PFG Advisors bought a new stake in Sempra Energy (NYSE:SRE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,853 shares of the utilities provider’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SRE. Global Retirement Partners LLC boosted its stake in shares of Sempra Energy by 35.0% during the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 84 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Sempra Energy during the 2nd quarter worth about $41,000. Meeder Asset Management Inc. bought a new stake in shares of Sempra Energy during the 2nd quarter worth about $47,000. Harvest Group Wealth Management LLC bought a new stake in shares of Sempra Energy during the 1st quarter worth about $51,000. Finally, NuWave Investment Management LLC bought a new stake in shares of Sempra Energy during the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

In other news, Chairman Jeffrey W. Martin sold 9,392 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $133.85, for a total value of $1,257,119.20. Following the completion of the transaction, the chairman now directly owns 36,403 shares of the company’s stock, valued at approximately $4,872,541.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Sempra Energy stock traded up $0.88 during trading hours on Friday, hitting $141.02. The stock had a trading volume of 120,960 shares, compared to its average volume of 1,643,413. The company has a 50-day moving average of $138.47 and a two-hundred day moving average of $130.27. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The company has a market cap of $38.62 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 2.98 and a beta of 0.45. Sempra Energy has a fifty-two week low of $104.88 and a fifty-two week high of $141.86.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $1.35 EPS. As a group, analysts forecast that Sempra Energy will post 6.03 EPS for the current fiscal year.

Several research firms have recently issued reports on SRE. Morgan Stanley decreased their price target on Sempra Energy from $144.00 to $141.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price target for the company. in a research note on Wednesday, July 24th. KeyCorp assumed coverage on Sempra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $151.00 target price for the company. Barclays started coverage on Sempra Energy in a research note on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 target price for the company. Finally, Bank of America cut Sempra Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $141.00 to $142.00 in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $142.25.

About Sempra Energy

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 generates, transmits, and distributes electricity; and supplies natural gas.

Further Reading: Fundamental Analysis and Individual Investors

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

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