Tiedemann Advisors LLC Grows Position in Sempra Energy (NYSE:SRE)

Tiedemann Advisors LLC boosted its stake in shares of Sempra Energy (NYSE:SRE) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,023 shares of the utilities provider’s stock after purchasing an additional 189 shares during the period. Tiedemann Advisors LLC’s holdings in Sempra Energy were worth $301,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its position in Sempra Energy by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock worth $2,674,000 after purchasing an additional 74 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Sempra Energy by 1.2% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 6,417 shares of the utilities provider’s stock valued at $882,000 after acquiring an additional 74 shares during the period. Conning Inc. lifted its stake in Sempra Energy by 2.0% during the 3rd quarter. Conning Inc. now owns 4,595 shares of the utilities provider’s stock valued at $678,000 after acquiring an additional 90 shares during the period. Signaturefd LLC lifted its stake in Sempra Energy by 5.3% during the 2nd quarter. Signaturefd LLC now owns 1,822 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 92 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in Sempra Energy by 0.7% during the 3rd quarter. Wealthfront Advisers LLC now owns 12,990 shares of the utilities provider’s stock valued at $1,917,000 after acquiring an additional 93 shares during the period. 90.34% of the stock is currently owned by institutional investors.

Shares of SRE traded up $0.57 during trading hours on Friday, hitting $146.04. The stock had a trading volume of 61,490 shares, compared to its average volume of 1,934,470. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.39. The firm has a 50-day moving average price of $145.13 and a 200 day moving average price of $138.86. Sempra Energy has a fifty-two week low of $104.88 and a fifty-two week high of $148.90. The firm has a market capitalization of $40.86 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.15 and a beta of 0.41.

Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the business posted $1.23 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts predict that Sempra Energy will post 6.09 EPS for the current fiscal year.

In related news, COO Joseph A. Householder sold 14,304 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the transaction, the chief operating officer now directly owns 45,991 shares in the company, valued at approximately $6,586,371.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Several analysts have commented on SRE shares. JPMorgan Chase & Co. lifted their price objective on shares of Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. UBS Group lifted their price objective on shares of Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price objective for the company in a research note on Tuesday, October 15th. Argus lifted their price objective on shares of Sempra Energy from $150.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Co lifted their price objective on shares of Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sempra Energy currently has a consensus rating of “Buy” and a consensus target price of $151.27.

Sempra Energy Company 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 generates, transmits, and distributes electricity; and supplies natural gas.

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

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