Lucia Wealth Services LLC lowered its stake in shares of Sempra Energy (NYSE:SRE) by 56.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 356 shares of the utilities provider’s stock after selling 459 shares during the quarter. Lucia Wealth Services LLC’s holdings in Sempra Energy were worth $42,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SRE. Smith Graham & Co. Investment Advisors LP raised its holdings in Sempra Energy by 0.3% during the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 25,295 shares of the utilities provider’s stock worth $2,965,000 after buying an additional 82 shares during the period. Ziegler Capital Management LLC boosted its position in shares of Sempra Energy by 3.1% in the 2nd quarter. Ziegler Capital Management LLC now owns 3,020 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 90 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Sempra Energy by 8.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,109 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 91 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Sempra Energy by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,741 shares of the utilities provider’s stock worth $3,018,000 after purchasing an additional 93 shares in the last quarter. Finally, Atlas Private Wealth Management boosted its position in shares of Sempra Energy by 46.5% in the 3rd quarter. Atlas Private Wealth Management now owns 293 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sempra Energy stock traded down $0.98 on Tuesday, hitting $134.46. The company’s stock had a trading volume of 3,289 shares, compared to its average volume of 1,715,708. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.77 and a current ratio of 0.80. Sempra Energy has a 1 year low of $88.00 and a 1 year high of $161.87. The firm has a fifty day moving average price of $126.97 and a 200-day moving average price of $124.28. The company has a market capitalization of $39.07 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.69.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.21). Sempra Energy had a return on equity of 11.47% and a net margin of 38.49%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, analysts forecast that Sempra Energy will post 7.68 EPS for the current year.
In other news, Director Cynthia Lynn Walker acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $125.46 per share, for a total transaction of $250,920.00. Following the acquisition, the director now owns 3,636 shares in the company, valued at approximately $456,172.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.
A number of research firms have recently weighed in on SRE. Morgan Stanley raised their price objective on Sempra Energy from $147.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday. KeyCorp lifted their price target on Sempra Energy from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Wells Fargo & Company cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $145.00 price target for the company. in a research report on Monday, August 17th. They noted that the move was a valuation call. Mizuho lowered their price target on Sempra Energy from $137.00 to $119.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $142.87.
About Sempra Energy
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It provides electric services to a population of approximately 3.7 million and natural gas services to approximately 3.4 million of that population covering an area of 4,100 square miles.
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