Sempra Energy (NYSE:SRE) is Beck Bode LLC’s 4th Largest Position

Beck Bode LLC boosted its stake in Sempra Energy (NYSE:SRE) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,552 shares of the utilities provider’s stock after purchasing an additional 2,499 shares during the period. Sempra Energy makes up about 4.3% of Beck Bode LLC’s investment portfolio, making the stock its 4th biggest holding. Beck Bode LLC’s holdings in Sempra Energy were worth $9,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SRE. Krane Funds Advisors LLC purchased a new stake in Sempra Energy during the 2nd quarter worth approximately $25,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Sempra Energy during the second quarter worth $27,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Sempra Energy during the third quarter worth $31,000. Westside Investment Management Inc. bought a new position in shares of Sempra Energy in the 2nd quarter worth about $41,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sempra Energy in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

In other news, Director Andres Conesa acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of $147.26 per share, with a total value of $294,520.00. Following the acquisition, the director now owns 4,749 shares in the company, valued at $699,337.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. ValuEngine cut Sempra Energy from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Evercore ISI reissued a “buy” rating and issued a $160.00 price target on shares of Sempra Energy in a report on Wednesday, November 13th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price objective on the stock in a research report on Tuesday, October 15th. Finally, Wells Fargo & Co upped their target price on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sempra Energy has an average rating of “Buy” and an average price target of $151.27.

Shares of NYSE:SRE traded up $1.11 during trading on Tuesday, reaching $147.52. 19,011 shares of the company traded hands, compared to its average volume of 1,287,055. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.15. Sempra Energy has a 1-year low of $104.88 and a 1-year high of $148.90. The firm has a fifty day simple moving average of $145.54 and a 200 day simple moving average of $140.60. The firm has a market cap of $41.51 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 3.12 and a beta of 0.41.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 prior year, the company posted $1.23 earnings per share. Sempra Energy’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Sempra Energy will post 6.11 EPS for the current year.

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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