Highbridge Capital Management LLC Invests $1.29 Million in Sempra Energy (SRE)

Highbridge Capital Management LLC acquired a new stake in Sempra Energy (NYSE:SRE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,377 shares of the utilities provider’s stock, valued at approximately $1,294,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ELM Advisors LLC purchased a new position in shares of Sempra Energy in the 3rd quarter valued at about $101,000. Columbia Asset Management purchased a new position in shares of Sempra Energy in the 3rd quarter valued at about $103,000. JNBA Financial Advisors purchased a new position in shares of Sempra Energy in the 3rd quarter valued at about $110,000. Psagot Investment House Ltd. purchased a new position in shares of Sempra Energy in the 3rd quarter valued at about $125,000. Finally, Truvestments Capital LLC purchased a new position in shares of Sempra Energy in the 3rd quarter valued at about $126,000. Institutional investors and hedge funds own 94.13% of the company’s stock.

In related news, insider Joseph A. Householder sold 11,600 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $115.14, for a total transaction of $1,335,624.00. Following the transaction, the insider now owns 95,527 shares in the company, valued at approximately $10,998,978.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey W. Martin sold 5,705 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $117.58, for a total value of $670,793.90. Following the transaction, the chief executive officer now owns 29,660 shares in the company, valued at approximately $3,487,422.80. The disclosure for this sale can be found here. Insiders have sold a total of 49,349 shares of company stock worth $5,760,884 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

NYSE:SRE opened at $115.95 on Friday. The company has a market cap of $31.98 billion, a P/E ratio of 21.39, a PEG ratio of 2.65 and a beta of 0.40. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 1.27. Sempra Energy has a 52-week low of $100.49 and a 52-week high of $127.22.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.73 billion. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. On average, research analysts expect that Sempra Energy will post 5.44 EPS for the current fiscal year.

SRE has been the topic of a number of recent analyst reports. Morgan Stanley set a $120.00 price objective on Sempra Energy and gave the company an “equal weight” rating in a report on Friday, August 10th. Wells Fargo & Co upgraded Sempra Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $125.00 to $128.00 in a report on Monday, August 20th. Bank of America dropped their price target on Sempra Energy from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 26th. Finally, ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sempra Energy has an average rating of “Buy” and a consensus price target of $123.38.

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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 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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