Forsta AP Fonden Has $8.72 Million Stock Holdings in Sempra Energy (NYSE:SRE)

Forsta AP Fonden lifted its holdings in shares of Sempra Energy (NYSE:SRE) by 20.7% during the 3rd quarter, Holdings Channel reports. The firm owned 68,900 shares of the utilities provider’s stock after purchasing an additional 11,800 shares during the quarter. Forsta AP Fonden’s holdings in Sempra Energy were worth $8,716,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SRE. Herold Advisors Inc. bought a new position in Sempra Energy in the third quarter worth approximately $25,000. Evermay Wealth Management LLC bought a new position in shares of Sempra Energy in the second quarter valued at approximately $31,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of Sempra Energy during the third quarter valued at approximately $38,000. First Horizon Advisors Inc. increased its position in shares of Sempra Energy by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 398 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 278 shares during the last quarter. Finally, Emfo LLC purchased a new stake in Sempra Energy in the third quarter worth $42,000. Institutional investors own 84.25% of the company’s stock.

In related news, CAO Peter R. Wall sold 2,829 shares of the company’s stock in a transaction dated Thursday, December 16th. The shares were sold at an average price of $130.00, for a total transaction of $367,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Several equities research analysts recently issued reports on SRE shares. Morgan Stanley lifted their price objective on Sempra Energy from $149.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 21st. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a report on Wednesday, December 15th. Wells Fargo & Company boosted their price target on Sempra Energy from $143.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, November 8th. The Goldman Sachs Group downgraded Sempra Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, October 12th. Finally, Mizuho upped their target price on Sempra Energy from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, December 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $146.57.

SRE opened at $137.96 on Friday. The firm has a 50-day simple moving average of $128.00 and a two-hundred day simple moving average of $129.93. Sempra Energy has a 52 week low of $114.66 and a 52 week high of $144.93. The company has a market capitalization of $44.05 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. The company has a quick ratio of 0.33, a current ratio of 0.35 and a debt-to-equity ratio of 0.85.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, November 5th. The utilities provider reported $1.70 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.70. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.75 billion. Sempra Energy had a net margin of 9.38% and a return on equity of 10.67%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 EPS. As a group, sell-side analysts expect that Sempra Energy will post 8.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 15th. Investors of record on Thursday, December 23rd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 22nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.19%. Sempra Energy’s dividend payout ratio is presently 120.88%.

Sempra Energy Company Profile

Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.

Featured Article: What is a Lock-Up Period?

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).

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

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.