IHT Wealth Management LLC purchased a new position in Sempra Energy (NYSE:SRE) in the third quarter, HoldingsChannel reports. The fund purchased 2,033 shares of the utilities provider’s stock, valued at approximately $300,000.

Several other large investors also recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. raised its position in Sempra Energy by 1.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock valued at $21,006,000 after acquiring an additional 2,796 shares in the last quarter. NEXT Financial Group Inc grew its stake in shares of Sempra Energy by 12,418.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,377 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 1,366 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Sempra Energy by 28.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,845 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 623 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Sempra Energy by 109.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,575 shares of the utilities provider’s stock valued at $208,000 after purchasing an additional 822 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Sempra Energy by 47.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,745 shares of the utilities provider’s stock valued at $2,164,000 after purchasing an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

SRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Sempra Energy from $136.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Barclays initiated coverage on shares of Sempra Energy in a research report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price target on the stock. Wells Fargo & Co lifted their price objective on shares of Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Morgan Stanley upped their price objective on shares of Sempra Energy from $152.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, ValuEngine downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sempra Energy currently has a consensus rating of “Buy” and a consensus price target of $151.27.

Shares of SRE stock opened at $146.41 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.39 and a quick ratio of 0.36. The company has a market cap of $41.51 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.12 and a beta of 0.41. The stock has a 50 day simple moving average of $145.54 and a 200-day simple moving average of $140.60. Sempra Energy has a 1-year low of $104.88 and a 1-year high of $148.90.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. Analysts anticipate that Sempra Energy will post 6.11 earnings per share for the current fiscal year.

In related news, Director Andres Conesa acquired 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $147.26 per share, with a total value of $294,520.00. Following the completion of the acquisition, the director now directly owns 4,749 shares in the company, valued at approximately $699,337.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

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.

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

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