Sempra Energy (SRE) Stake Decreased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Sempra Energy (NYSE:SRE) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,285 shares of the utilities provider’s stock after selling 22,203 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Sempra Energy were worth $8,791,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SRE. Northern Trust Corp increased its holdings in shares of Sempra Energy by 3.0% in the 2nd quarter. Northern Trust Corp now owns 3,347,745 shares of the utilities provider’s stock valued at $388,707,000 after acquiring an additional 96,158 shares during the period. Nomura Holdings Inc. increased its holdings in shares of Sempra Energy by 5,266.3% in the 2nd quarter. Nomura Holdings Inc. now owns 3,138,899 shares of the utilities provider’s stock valued at $364,458,000 after acquiring an additional 3,080,406 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Sempra Energy by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,391,551 shares of the utilities provider’s stock valued at $272,041,000 after acquiring an additional 35,552 shares during the period. Legal & General Group Plc increased its holdings in shares of Sempra Energy by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 2,195,244 shares of the utilities provider’s stock valued at $254,852,000 after acquiring an additional 147,022 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Sempra Energy by 222.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,742,113 shares of the utilities provider’s stock valued at $198,165,000 after acquiring an additional 1,202,363 shares during the period. Institutional investors and hedge funds own 94.13% of the company’s stock.

SRE has been the topic of a number of recent research reports. Bank of America raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $120.00 to $126.00 in a report on Thursday, October 11th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co raised shares of Sempra Energy from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $125.00 to $128.00 in a research note on Monday, August 20th. Morgan Stanley reissued an “equal weight” rating on shares of Sempra Energy in a research note on Friday, August 17th. Finally, TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $123.38.

In other Sempra Energy news, CEO Jeffrey W. Martin sold 5,705 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $117.58, for a total value of $670,793.90. Following the transaction, the chief executive officer now directly owns 29,660 shares of the company’s stock, valued at approximately $3,487,422.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Trevor I. Mihalik sold 4,744 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $116.97, for a total transaction of $554,905.68. Following the completion of the transaction, the vice president now directly owns 15,719 shares in the company, valued at $1,838,651.43. The disclosure for this sale can be found here. Insiders sold a total of 49,349 shares of company stock worth $5,760,884 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Shares of SRE opened at $115.95 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. The firm has a market capitalization of $31.98 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.65 and a beta of 0.40. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.33%. Sempra Energy’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. As a group, equities research analysts expect that Sempra Energy will post 5.44 EPS for the current year.

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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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