BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 22,203 Shares of Sempra Energy (SRE)

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BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Sempra Energy (NYSE:SRE) by 22.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 77,285 shares of the utilities provider’s stock after selling 22,203 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Sempra Energy were worth $8,791,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SRE. Northern Trust Corp lifted its holdings in Sempra Energy by 3.0% in the 2nd quarter. Northern Trust Corp now owns 3,347,745 shares of the utilities provider’s stock valued at $388,707,000 after purchasing an additional 96,158 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Sempra Energy by 5,266.3% in the 2nd quarter. Nomura Holdings Inc. now owns 3,138,899 shares of the utilities provider’s stock valued at $364,458,000 after purchasing an additional 3,080,406 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Sempra Energy by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,391,551 shares of the utilities provider’s stock valued at $272,041,000 after purchasing an additional 35,552 shares in the last quarter. Legal & General Group Plc lifted its holdings in Sempra Energy by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 2,195,244 shares of the utilities provider’s stock valued at $254,852,000 after purchasing an additional 147,022 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in Sempra Energy by 222.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,742,113 shares of the utilities provider’s stock valued at $198,165,000 after purchasing an additional 1,202,363 shares in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

In other news, VP Trevor I. Mihalik sold 4,744 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $116.97, for a total transaction of $554,905.68. Following the completion of the transaction, the vice president now owns 15,719 shares of the company’s stock, valued at approximately $1,838,651.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph A. Householder sold 11,600 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $115.14, for a total transaction of $1,335,624.00. Following the transaction, the insider now directly owns 95,527 shares of the company’s stock, valued at approximately $10,998,978.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,349 shares of company stock valued at $5,760,884. Corporate insiders own 0.17% of the company’s stock.

NYSE SRE opened at $115.95 on Friday. Sempra Energy has a 12 month low of $100.49 and a 12 month high of $127.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.59 and a quick ratio of 0.55. The stock has a market cap of $31.98 billion, a PE ratio of 21.39, a P/E/G ratio of 2.65 and a beta of 0.40.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.10. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.33%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts expect that Sempra Energy will post 5.44 earnings per share for the current fiscal year.

A number of research analysts have issued reports on SRE shares. Morgan Stanley started coverage on shares of Sempra Energy in a report on Friday, August 10th. They issued a “weight” rating on the stock. Bank of America reduced their target price on shares of Sempra Energy from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, September 26th. Wells Fargo & Co upped their target price on shares of Sempra Energy from $129.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $123.38.

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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 engages in the generation, transmission, and distribution of electricity.

Featured Article: Return on Equity (ROE)

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)

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