Sempra Energy (NYSE:SRE) Holdings Lifted by Eos Focused Equity Management L.P.

Eos Focused Equity Management L.P. increased its position in Sempra Energy (NYSE:SRE) by 11.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,704 shares of the utilities provider’s stock after buying an additional 2,356 shares during the period. Sempra Energy accounts for about 3.8% of Eos Focused Equity Management L.P.’s holdings, making the stock its 10th largest holding. Eos Focused Equity Management L.P.’s holdings in Sempra Energy were worth $3,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in Sempra Energy by 35.0% in the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 84 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in Sempra Energy in the 2nd quarter valued at $41,000. Meeder Asset Management Inc. acquired a new stake in Sempra Energy in the 2nd quarter valued at $47,000. Harvest Group Wealth Management LLC acquired a new stake in Sempra Energy in the 1st quarter valued at $51,000. Finally, NuWave Investment Management LLC acquired a new stake in Sempra Energy in the 2nd quarter valued at $52,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sempra Energy stock opened at $140.13 on Friday. The business has a 50-day moving average of $138.47 and a 200-day moving average of $130.27. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.31. The company has a market capitalization of $38.34 billion, a PE ratio of 25.16, a P/E/G ratio of 2.98 and a beta of 0.45. Sempra Energy has a 1-year low of $104.88 and a 1-year high of $141.86.

Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.32 billion. Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, equities analysts expect that Sempra Energy will post 6.03 earnings per share for the current fiscal year.

Several brokerages recently issued reports on SRE. Barclays began coverage on Sempra Energy in a report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price target for the company. KeyCorp began coverage on Sempra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $151.00 price target for the company. Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $141.00 to $142.00 in a report on Thursday, June 27th. ValuEngine downgraded Sempra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price target for the company. in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Sempra Energy has an average rating of “Hold” and an average price target of $142.25.

In other news, Chairman Jeffrey W. Martin sold 9,392 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $133.85, for a total transaction of $1,257,119.20. Following the completion of the sale, the chairman now directly owns 36,403 shares in the company, valued at $4,872,541.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

About Sempra Energy

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 generates, transmits, and distributes electricity; and supplies natural gas.

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