Americafirst Capital Management LLC Raises Holdings in Sempra Energy (SRE)
Americafirst Capital Management LLC grew its position in shares of Sempra Energy (NYSE:SRE) by 80.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,151 shares of the utilities provider’s stock after purchasing an additional 3,188 shares during the quarter. Sempra Energy makes up about 1.1% of Americafirst Capital Management LLC’s holdings, making the stock its 13th largest position. Americafirst Capital Management LLC’s holdings in Sempra Energy were worth $816,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Sempra Energy by 27.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after buying an additional 202 shares during the period. WESPAC Advisors SoCal LLC boosted its stake in shares of Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after buying an additional 9 shares during the period. Parallel Advisors LLC boosted its stake in shares of Sempra Energy by 49.7% during the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after buying an additional 436 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of Sempra Energy during the third quarter worth about $153,000. Finally, Rocky Mountain Advisers LLC acquired a new stake in shares of Sempra Energy during the third quarter worth about $183,000. 80.62% of the stock is currently owned by institutional investors.
Shares of Sempra Energy (NYSE SRE) traded up $0.55 during trading on Thursday, reaching $115.24. 1,867,800 shares of the company’s stock were exchanged, compared to its average volume of 1,138,664. Sempra Energy has a 12 month low of $99.48 and a 12 month high of $122.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market capitalization of $28,760.94, a PE ratio of 21.21, a PEG ratio of 2.45 and a beta of 0.61.
Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the company posted $1.02 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. research analysts predict that Sempra Energy will post 5.24 earnings per share for the current fiscal year.
SRE has been the subject of several recent research reports. J P Morgan Chase & Co decreased their target price on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Wells Fargo & Company reduced their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. Finally, Bank of America started coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus price target of $124.56.
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Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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