Economy

Sempra Energy (SRE) Stake Lifted by Parametric Portfolio Associates LLC

SRE has been the subject of several recent research reports. RBC Capital Markets maintained Sempra Energy (NYSE:SRE) on Sunday, July 23 with "Buy" rating. Barclays Capital downgraded Sempra Energy (NYSE:SRE) on Thursday, June 8 to "Equal-Weight" rating. RBC Capital Markets maintained it with "Sector Perform" rating and $90.0 target in Monday, November 2 report. On Tuesday, November 22 the stock rating was downgraded by Sandler O'Neill to "Sell". The company was initiated on Monday, September 21 by Piper Jaffray. The stock of The Allstate Corporation (NYSE:ALL) earned "Buy" rating by Citigroup on Monday, October 2.

Sempra Energy (SRE) failed to surprise the stock market in its last reported earnings when it earned $1.04 a piece versus the consensus-estimated $1.05. For the next 5 years, Sempra Energy is expecting Growth of 9.85% per annum, whereas in the past 5 years the growth was 2.67% per annum. Sempra Energy now has $26.80B valuation. The stock increased 0.03% or $0.03 during the last trading session, reaching $108.48. The share price has moved backward from its 20 days moving average, trading at a distance of -2.57% and stays -6.42% away from its 50 days moving average. The figure allows investors to understand how effectively Sempra Energy is able to convert its money into net income. It has underperformed by 8.43% the S&P500. It is up 48.97% since January 10, 2017 and is uptrending. It has outperformed by 32.27% the S&P500. The company has a market cap of $26,920.00, a price-to-earnings ratio of 23.86, a PEG ratio of 2.19 and a beta of 0.62. The firm accepts demand, money market, and time deposits. It has a 19.29 P/E ratio.

Investors sentiment increased to 1.19 in Q3 2017. Its down 0.18, from 1.49 in 2017Q2. It is positive, as 34 investors sold BXP shares while 133 reduced holdings. 94 funds opened positions while 282 raised stakes. 104.75 million shares or 1.70% less from 106.56 million shares in 2017Q2 were reported. Vanguard Group Inc. now owns 17,796,341 shares of the utilities provider's stock worth $2,006,537,000 after purchasing an additional 429,693 shares in the last quarter.

Despite this bullish trend, the stock has just a Zacks Rank #3 (Hold) and that is why we are looking for better performance from the company in the near term. Capital International Investors increased its position in shares of Sempra Energy by 14.8% during the 3rd quarter. A ratio under 1 points out that the company's liabilities are higher than its assets and indicates that the company may be unable to pay off its obligations when they fall short. Moreover, Royal Bancorp Of Canada has 0% invested in PacWest Bancorp (NASDAQ:PACW). Hm Payson owns 0.06% invested in The Allstate Corporation (NYSE:ALL) for 14,946 shares. Invesco Limited reported 3.23 million shares. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. Ameritas Investment Prtnrs reported 0.02% in Boston Properties, Inc. Schwab Charles Mgmt, California-based fund reported 858,196 shares. Burney owns 8,760 shares or 0.03% of their United States portfolio. Its up 0.18, from 1.01 in 2017Q2. It is positive, as 8 investors sold Simmons First National Corporation shares while 25 reduced holdings. Ltd. raised its position in Sempra Energy by 24.5% in the third quarter. Bank of America assumed coverage on shares of Sempra Energy in a report on Tuesday, October 24th. Deutsche State Bank Ag accumulated 0.49% or 6.25M shares. BlackRock Inc. boosted its position in shares of Sempra Energy by 0.3% during the second quarter. It dropped, as 1 investors sold Coca-Cola European Partners plc shares while 0 reduced holdings. Mitsubishi Ufj & Bk Corp, a Japan-based fund reported 505,517 shares. Trust Of Vermont owns 2,077 shares for 0.02% of their portfolio. Conning invested in 6,251 shares or 0.02% of the stock. Beach Investment Management Lc invested in 1.87% or 9,420 shares. Eagle Asset Mgmt Inc invested 0.38% of its portfolio in Sempra Energy (NYSE:SRE). The Connecticut-based Webster Financial Bank N A has invested 0.01% in Sempra Energy (NYSE:SRE). Parametric Portfolio Assoc owns 425,923 shares. Hartford Invest Mngmt reported 0.12% in Sempra Energy (NYSE:SRE). Howe Rusling Incorporated owns 0% invested in Sempra Energy (NYSE:SRE) for 70 shares.

Dimensional Fund Advisors LP lifted its position in Sempra Energy (NYSE:SRE) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. SRE's profit will be $349.28 million for 19.51 P/E if the $1.39 EPS becomes a reality.

These analysts also forecasted Growth Estimates for the Current Quarter for SRE to be -7.2%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. Therefore 67% are positive. TIM Participacoes had 22 analyst reports since August 5, 2015 according to SRatingsIntel. The SI to Sempra Energy's float is 2.65%. RBC Capital Markets maintained Sempra Energy (NYSE:SRE) rating on Sunday, November 5. The stock of John Laing Group plc (LON:JLG) has "Buy" rating given on Wednesday, March 15 by Berenberg. JPMorgan Chase & Co. decreased their price target on shares of Sempra Energy from $126.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, October 12th. The stock has "Neutral" rating by JP Morgan on Wednesday, November 1. The firm has "Buy" rating by Peel Hunt given on Thursday, January 5. The firm has "Hold" rating given on Friday, August 4 by BMO Capital Markets. As per Tuesday, October 10, the company rating was maintained by Wells Fargo. Goldman Sachs upgraded Sempra Energy (NYSE:SRE) on Wednesday, October 11 to "Buy" rating.

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