Economy

Sempra Energy (NYSE:SRE) Research Coverage Started at Bank of America Corporation

The institutional investor held 58,181 shares of the consumer non-durables company at the end of 2017Q2, valued at $2.51M, down from 97,327 at the end of the previous reported quarter. Companies having a market cap of $10 billion or more are typically considered as the major players of the market.

With a change of 0.29% the price for SRE is $121.38. Moreover, Olstein Capital Management L.P. has 1.95% invested in the company for 267,950 shares. PVH Corp (NYSE:PVH) has risen 16.19% since November 8, 2016 and is uptrending. It has underperformed by 0.51% the S&P500.

Chartist Inc increased its stake in Sempra Energy (SRE) by 0.38% based on its latest 2017Q2 regulatory filing with the SEC. Hexavest Inc. now owns 9,950 shares of the utilities provider's stock valued at $1,122,000 after acquiring an additional 344 shares during the last quarter. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.68 billion. Sempra Energy has a 12-month low of $86.72 and a 12-month high of $114.66. In the case particular EPS growth for this year of stock, the chart notifies quite story at present. About 591,578 shares traded.

The stock of Sempra Energy (NYSE:SRE) position in the minds of the trading market reflects a broad analysis of technical's and inherent trends which strengthen overall market-trading viability. It has underperformed by 8.43% the S&P500.

Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. More interesting news about Sempra Energy (NYSE:SRE) were released by: Investorplace.com and their article: "Sempra Energy (SRE) a Buy on Healthy Sales Growth" published on November 01, 2017 as well as Nasdaq.com's news article titled: "Is Sempra Energy (SRE) Poised for a Beat in Q3 Earnings?" with publication date: October 26, 2017. Balyasny Asset Mgmt Limited Liability has 0% invested in Sempra Energy (NYSE:SRE) for 2,634 shares.

On a similar note, analysts expect EPS of $1.36 in December 2017 quarter and $1.76 in March 2018 quarter, representing -10.53% and 1.15% growth, respectively. Its down 0.12, from 0.95 in 2017Q1.

Institutional investors have recently modified their holdings of the business. 55 funds opened positions while 169 raised stakes. 200.08 million shares or 0.33% more from 199.43 million shares in 2017Q1 were reported. Northwestern Mutual Wealth Management has 4,429 shares. Ecofin Ltd has invested 0.21% in Sempra Energy (NYSE:SRE).

Peconic Partners Llc holds 2.56% of its portfolio in WESCO International, Inc. for 277,185 shares. Its down 0.04% from 1.42 million shares previously. Sterling Global Strategies Lc invested in 3,810 shares. California State Teachers Retirement Sys invested in 0.12% or 490,141 shares. Asset Mgmt holds 0.01% or 7,365 shares in its portfolio. Intll Sarl holds 0.42% or 42,975 shares. Kayne Anderson Cap Advsrs Lp stated it has 2,000 shares or 0% of all its holdings. Whittier has 0% invested in PVH Corp (NYSE:PVH) for 390 shares. The short interest to Sempra Energy's float is 2.4%. Sempra Energy (NYSE:SRE) hasconsensus analyst target price is $124.18. Bridgeway Management has invested 0.75% in Sempra Energy (NYSE:SRE).

Since May 23, 2017, it had 0 insider purchases, and 1 insider sale for $2.61 million activity. BidaskClub upgraded Sempra Energy from a "hold" rating to a "buy" rating in a report on Tuesday, August 8th. Therefore 63% are positive. As per Sunday, August 27, the company rating was maintained by RBC Capital Markets. Barclays Capital downgraded the shares of SRE in report on Thursday, June 8 to "Equal-Weight" rating. Wells Fargo & Company dropped their price target on shares of Sempra Energy from $130.00 to $128.00 and set an outperform rating on the stock in a research note on Tuesday, October 10th. They set a buy rating and a $125.00 price target on the stock. The company was maintained on Friday, August 4 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Sunday, October 1 with "Buy". Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock.

Diverting focus on other technical analysis indicators that are on noticeable point, the 52-week range indicator provide a potential profit target, you will see either buying or selling pressure around this key area as it translates to a company's ability to turn a profit on a year-over-year basis. Its up 0.04, from 0.97 in 2017Q1. It also reduced its holding in Ishares Core S&P S (IJR) by 477 shares in the quarter, leaving it with 16,018 shares, and cut its stake in Spdr S&P Homebuild (XHB). 53 funds opened positions while 120 raised stakes. Bahl & Gaynor Incorporated holds 6,240 shares or 0.01% of its portfolio. Canada Pension Plan Investment Board invested in 0.05% or 198,613 shares. Webster Bancorporation N A accumulated 725 shares. Chesley Taft Assocs Ltd Liability Corp accumulated 13,378 shares or 0.05% of the stock. Intl owns 9.99 million shares for 1.5% of their portfolio.



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