DekaBank Deutsche Girozentrale Has $6.37 Million Stake in Sempra Energy (SRE)

DekaBank Deutsche Girozentrale trimmed its stake in shares of Sempra Energy (NYSE:SRE) by 6.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 56,526 shares of the utilities provider’s stock after selling 3,777 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sempra Energy were worth $6,368,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. DnB Asset Management AS increased its holdings in Sempra Energy by 1.5% in the 4th quarter. DnB Asset Management AS now owns 32,887 shares of the utilities provider’s stock worth $3,516,000 after purchasing an additional 500 shares in the last quarter. First American Trust FSB increased its stake in shares of Sempra Energy by 4.7% in the fourth quarter. First American Trust FSB now owns 36,023 shares of the utilities provider’s stock valued at $3,852,000 after buying an additional 1,601 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Sempra Energy by 3.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 57,375 shares of the utilities provider’s stock valued at $6,135,000 after buying an additional 2,090 shares during the period. Starfire Investment Advisers Inc. acquired a new stake in shares of Sempra Energy in the fourth quarter valued at about $225,000. Finally, Bank of Montreal Can increased its stake in shares of Sempra Energy by 30.7% in the fourth quarter. Bank of Montreal Can now owns 389,049 shares of the utilities provider’s stock valued at $41,598,000 after buying an additional 91,362 shares during the period. Hedge funds and other institutional investors own 80.47% of the company’s stock.

In other Sempra Energy news, Chairman Debra L. Reed sold 49,909 shares of Sempra Energy stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $110.37, for a total transaction of $5,508,456.33. Following the completion of the sale, the chairman now owns 177,227 shares of the company’s stock, valued at $19,560,543.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP G Joyce Rowland sold 3,948 shares of Sempra Energy stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $109.81, for a total value of $433,529.88. Following the completion of the transaction, the vice president now owns 2,655 shares in the company, valued at approximately $291,545.55. The disclosure for this sale can be found here. Insiders have sold 55,775 shares of company stock valued at $6,142,993 in the last three months. 0.17% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on SRE shares. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. TheStreet lowered Sempra Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Guggenheim reiterated a “buy” rating and issued a $122.00 price target on shares of Sempra Energy in a report on Friday, February 23rd. UBS initiated coverage on Sempra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $124.00 price target on the stock. Finally, JPMorgan Chase restated a “neutral” rating and issued a $104.00 target price (down previously from $112.00) on shares of Sempra Energy in a report on Tuesday, March 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $120.80.

NYSE:SRE opened at $102.18 on Friday. The firm has a market capitalization of $27.30 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.13 and a beta of 0.48. Sempra Energy has a 1 year low of $103.87 and a 1 year high of $105.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.37 and a quick ratio of 0.34.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, May 7th. The utilities provider reported $1.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.19). The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Sempra Energy had a net margin of 1.45% and a return on equity of 8.30%. Sempra Energy’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. equities research analysts predict that Sempra Energy will post 5.48 EPS for the current fiscal year.

Sempra Energy Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply