Sempra Energy (SRE) Shares Bought by Barings LLC
Barings LLC grew its holdings in shares of Sempra Energy (NYSE:SRE) by 560.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,693 shares of the utilities provider’s stock after purchasing an additional 29,440 shares during the period. Barings LLC’s holdings in Sempra Energy were worth $3,960,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of SRE. Commonwealth Bank of Australia grew its holdings in Sempra Energy by 63.2% during the third quarter. Commonwealth Bank of Australia now owns 21,104 shares of the utilities provider’s stock worth $2,403,000 after acquiring an additional 8,176 shares during the period. WINTON GROUP Ltd grew its holdings in Sempra Energy by 30.8% during the third quarter. WINTON GROUP Ltd now owns 4,175 shares of the utilities provider’s stock worth $476,000 after acquiring an additional 982 shares during the period. Wells Fargo & Company MN grew its holdings in Sempra Energy by 32.5% during the third quarter. Wells Fargo & Company MN now owns 517,344 shares of the utilities provider’s stock worth $59,045,000 after acquiring an additional 126,814 shares during the period. Zeke Capital Advisors LLC grew its holdings in Sempra Energy by 85.5% during the third quarter. Zeke Capital Advisors LLC now owns 3,484 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 1,606 shares during the period. Finally, Amalgamated Bank grew its holdings in Sempra Energy by 1.9% during the third quarter. Amalgamated Bank now owns 28,827 shares of the utilities provider’s stock worth $3,290,000 after acquiring an additional 545 shares during the period. 80.61% of the stock is currently owned by institutional investors.
Sempra Energy (NYSE:SRE) traded up $0.68 during trading hours on Thursday, hitting $120.26. The company had a trading volume of 1,053,100 shares, compared to its average volume of 1,111,416. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. Sempra Energy has a fifty-two week low of $98.12 and a fifty-two week high of $122.97. The firm has a market cap of $30,420.00, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.62.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the company posted $1.02 EPS. Sempra Energy’s revenue for the quarter was up 5.7% on a year-over-year basis. analysts anticipate that Sempra Energy will post 5.24 EPS for the current year.
A number of research firms recently issued reports on SRE. Bank of America began coverage on Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 target price on the stock. J P Morgan Chase & Co lifted their target price on Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Morgan Stanley lifted their target price on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. BidaskClub raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $124.56.
About Sempra Energy
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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