Traders Buy Sempra Energy (SRE) on Weakness

Traders purchased shares of Sempra Energy (NYSE:SRE) on weakness during trading on Monday. $32.06 million flowed into the stock on the tick-up and $13.84 million flowed out of the stock on the tick-down, for a money net flow of $18.22 million into the stock. Of all equities tracked, Sempra Energy had the 21st highest net in-flow for the day. Sempra Energy traded down ($0.76) for the day and closed at $115.64

A number of analysts have commented on the company. Bank of America boosted their price objective on Sempra Energy from $111.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, June 12th. Argus boosted their price objective on Sempra Energy to $130.00 and gave the stock a “buy” rating in a report on Monday, July 9th. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a report on Monday, May 7th. ValuEngine lowered Sempra Energy from a “hold” rating to a “sell” rating in a report on Friday, May 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Sempra Energy in a report on Friday, August 17th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $123.11.

The firm has a market cap of $31.83 billion, a PE ratio of 21.34, a P/E/G ratio of 2.68 and a beta of 0.42. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54.

Sempra Energy (NYSE:SRE) last released its earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.17. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. Sempra Energy’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. equities analysts predict that Sempra Energy will post 5.45 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Sempra Energy by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock worth $3,950,000 after buying an additional 460 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Sempra Energy by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock worth $4,813,000 after buying an additional 496 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Sempra Energy by 11.7% in the second quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock worth $552,000 after buying an additional 496 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Sempra Energy by 7.3% in the first quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock worth $828,000 after buying an additional 504 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of Sempra Energy by 16.8% in the second quarter. BB&T Securities LLC now owns 3,616 shares of the utilities provider’s stock worth $419,000 after buying an additional 521 shares in the last quarter. Institutional investors own 88.28% of the company’s stock.

Sempra Energy Company Profile (NYSE:SRE)

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.

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