BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Sempra Energy (NYSE:SRE) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,442 shares of the utilities provider’s stock after buying an additional 2,518 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Sempra Energy were worth $15,497,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. North Star Investment Management Corp. increased its stake in shares of Sempra Energy by 0.3% in the first quarter. North Star Investment Management Corp. now owns 2,158 shares of the utilities provider’s stock valued at $238,000 after buying an additional 6 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Financial Architects Inc increased its stake in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the period. HCR Wealth Advisors increased its stake in shares of Sempra Energy by 0.3% in the first quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock valued at $357,000 after buying an additional 11 shares during the period. Finally, Chartist Inc. CA increased its stake in shares of Sempra Energy by 0.4% in the first quarter. Chartist Inc. CA now owns 2,874 shares of the utilities provider’s stock valued at $318,000 after buying an additional 11 shares during the period. 80.54% of the stock is currently owned by institutional investors.

Shares of Sempra Energy (NYSE:SRE) opened at 116.43 on Tuesday. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $117.97. The company has a market cap of $29.23 billion, a P/E ratio of 17.22 and a beta of 0.54. The firm has a 50-day moving average price of $113.58 and a 200-day moving average price of $111.43.

Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Sempra Energy will post $5.23 EPS for the current year.

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Several brokerages recently issued reports on SRE. UBS AG reissued a “buy” rating and set a $128.00 target price (up previously from $124.00) on shares of Sempra Energy in a research note on Tuesday, April 18th. Morgan Stanley lifted their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a research note on Monday, July 24th. BidaskClub raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $121.00.

In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the transaction, the chief executive officer now owns 112,345 shares of the company’s stock, valued at $12,743,293.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

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

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