Czech National Bank Boosts Holdings in Sempra Energy $SRE

by · The Cerbat Gem

Czech National Bank grew its holdings in Sempra Energy (NYSE:SRE – Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,413 shares of the utilities provider’s stock after purchasing an additional 13,931 shares during the quarter. Czech National Bank’s holdings in Sempra Energy were worth $12,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mattson Financial Services LLC purchased a new position in Sempra Energy in the fourth quarter worth approximately $30,000. Pingora Partners LLC lifted its stake in Sempra Energy by 48.3% in the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 140 shares during the last quarter. Park Square Financial Group LLC purchased a new position in Sempra Energy in the fourth quarter worth approximately $41,000. Opal Wealth Advisors LLC purchased a new position in Sempra Energy in the first quarter worth approximately $38,000. Finally, Eastern Bank lifted its stake in Sempra Energy by 73.7% in the first quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insiders Place Their Bets

In other Sempra Energy news, Director Kevin C. Sagara sold 28,864 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following the sale, the director directly owned 15,475 shares in the company, valued at approximately $1,303,149.75. The trade was a 65.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total transaction of $126,080.00. Following the sale, the senior vice president owned 15,600 shares in the company, valued at $1,248,000. The trade was a 9.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,554 shares of company stock worth $2,976,117. Corporate insiders own 0.27% of the company’s stock.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $82.66 on Wednesday. The firm has a market capitalization of $53.93 billion, a P/E ratio of 19.97, a PEG ratio of 2.65 and a beta of 0.65. Sempra Energy has a one year low of $61.90 and a one year high of $95.77. The company’s fifty day moving average is $80.66 and its two-hundred day moving average is $75.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48.

Sempra Energy (NYSE:SRE – Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Analysts forecast that Sempra Energy will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. Morgan Stanley reiterated an “overweight” rating on shares of Sempra Energy in a research note on Thursday, August 21st. Finally, Citigroup reissued a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.27.

View Our Latest Stock Report on SRE

Sempra Energy Company Profile

(Free Report)

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.

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