Pinnacle Financial Partners Inc. reduced its stake in shares of Sempra Energy (NYSE:SRE) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,997 shares of the utilities provider’s stock after selling 675 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Sempra Energy were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in SRE. Shell Asset Management Co. grew its holdings in shares of Sempra Energy by 14.1% in the third quarter. Shell Asset Management Co. now owns 66,058 shares of the utilities provider’s stock valued at $6,961,000 after purchasing an additional 8,165 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sempra Energy by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock valued at $454,591,000 after purchasing an additional 80,131 shares in the last quarter. Girard Partners LTD. grew its holdings in shares of Sempra Energy by 11.9% in the second quarter. Girard Partners LTD. now owns 3,234 shares of the utilities provider’s stock valued at $365,000 after purchasing an additional 343 shares in the last quarter. Timber Hill LLC purchased a new position in shares of Sempra Energy in the second quarter valued at $1,104,000. Finally, Opus Capital Group LLC purchased a new position in shares of Sempra Energy in the second quarter valued at $563,000. 80.62% of the stock is owned by institutional investors and hedge funds.

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Shares of Sempra Energy (NYSE SRE) traded up $0.02 on Wednesday, reaching $118.82. The company had a trading volume of 1,360,200 shares, compared to its average volume of 1,115,962. The company has a market capitalization of $29,828.02, a P/E ratio of 22.00, a PEG ratio of 2.61 and a beta of 0.62. Sempra Energy has a 12 month low of $98.12 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.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.04. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. Sempra Energy’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share. sell-side analysts anticipate that Sempra Energy will post 5.24 EPS for the current year.

SRE has been the subject of a number of recent research reports. J P Morgan Chase & Co cut their target price on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Wells Fargo & Company cut their target price on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Finally, Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $124.56.

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.

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

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