Sempra Energy (NYSE:SRE) announced its quarterly earnings data on Tuesday. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.15. Sempra Energy had a return on equity of 9.41% and a net margin of 13.24%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the firm earned $1.27 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Sempra Energy updated its FY17 guidance to $4.85-5.25 EPS.
Sempra Energy (NYSE:SRE) traded up 0.67% during trading on Friday, hitting $111.50. 2,589,469 shares of the stock traded hands. The firm has a market cap of $27.97 billion, a PE ratio of 19.19 and a beta of 0.47. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $114.66. The firm has a 50-day moving average price of $111.53 and a 200 day moving average price of $105.76.
Several analysts recently issued reports on SRE shares. Morgan Stanley cut their target price on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. BMO Capital Markets reissued a “hold” rating and issued a $115.00 target price on shares of Sempra Energy in a research note on Wednesday, May 10th. Finally, Barclays PLC raised their target price on Sempra Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.58.
In other Sempra Energy news, Director William P. Rutledge sold 15,262 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $109.69, for a total value of $1,674,088.78. Following the completion of the sale, the director now owns 10,846 shares of the company’s stock, valued at $1,189,697.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Ouchi sold 5,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $108.92, for a total transaction of $544,600.00. Following the completion of the sale, the director now directly owns 21,247 shares of the company’s stock, valued at approximately $2,314,223.24. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Perennial Advisors LLC bought a new stake in Sempra Energy during the fourth quarter worth $106,000. Guardian Life Insurance Co. of America increased its stake in 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 worth $107,000 after buying an additional 6 shares during the last quarter. Financial Architects Inc increased its stake in Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock worth $150,000 after buying an additional 7 shares during the last quarter. Focused Wealth Management Inc bought a new stake in Sempra Energy during the fourth quarter worth $151,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Sempra Energy during the first quarter worth $170,000. 79.34% of the stock is owned by institutional investors and hedge funds.
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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