Sempra Energy (SRE) Announces Quarterly Earnings Results, Beats Expectations By $0.24 EPS

1,208,042 stocks of the firms shares were exchanged. State of Alaska Department of Revenue's holdings in Sempra Energy were worth $1,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its stake in Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider's stock valued at $107,000 after buying an additional 6 shares during the period. Grove Bank & Trust boosted its position in Sempra Energy by 38.3% in the second quarter. Quadrature Capital Ltd acquired a new stake in shares of Sempra Energy during the fourth quarter valued at $770,000. Gradient Investments LLC raised its stake in Sempra Energy by 3.3% in the second quarter. Gulf International Bank UK Ltd now owns 73,130 shares of the utilities provider's stock worth $8,080,000 after buying an additional 950 shares during the last quarter. Financial Architects Inc raised its position in Sempra Energy by 0.5% in the first quarter. Pacific Center for Financial Services now owns 1,829 shares of the utilities provider's stock worth $202,000 after buying an additional 1,328 shares during the period. The fund owned 1,553 shares of the utilities provider's stock after buying an additional 194 shares during the period.

Since the start of the New Year, Sempra Energy (NYSE:SRE) shares have seen a move of 14.31%. Sempra Energy has a one year low of $92.95 and a one year high of $117.97. The company's 50-day moving average price is $113.12 and its 200-day moving average price is $110.59.

The company's P/E ratio is 19.90 and the market cap of the company is 29.01B. The utilities provider reported $1.10 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.24. Revenue rose 17 percent to $2.53 billion from $2.16 billion. During the same quarter in the previous year, the firm earned $0.79 EPS.

At the moment 15 analysts are watching Sempra Energy (NASDAQ:SRE), 5 rate it "Buy", 4 "Outperform", 6 "Underperform", 0 "Sell", while 0 "Hold".

The business also recently announced a quarterly dividend, which was paid on Saturday, July 15th. The dividend payment was $0.823 per share for the quarter or $3.29 on an annualized basis. The ex-dividend date was set for Wednesday the 5th of July 2017. This dividend amount represented a yeild of $2.86. If you are viewing this report on another website, it was illegally copied and republished in violation of USA and global copyright & trademark laws. The legal version of this article can be viewed at

SRE has been the topic of several research reports. Lastly, UBS AG reiterated a "buy" recommendation and given a $128.00 target price (up prior from $124.00) on stocks of Sempra Energy in a note on Tue, Apr 18th. BMO Capital Markets reissued a "hold" rating and set a $115.00 price target on shares of Sempra Energy in a research note on Wednesday, May 10th. Equity analyst Goldman Sachs lowered the price target and downgraded the stock on June 5 changing the price target from $130.00 to $108.00 and altering the rating from "Buy" to "Neutral". Morgan Stanley dropped their target price on shares of Sempra Energy from $133.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock.

Heading into the earnings release, covering analysts have a consensus target price of $118.93 on Sempra Energy shares. The shares were sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the transaction, the chief executive officer now owns 112,345 shares of the company's stock, valued at approximately $12,743,293.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

State Street Corp is the second biggest holder with 13 million shares now valued at 1.40 B million whilst Evercore Trust Company, N.A. has 11 million shares valued at 1.16 B million.

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