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Sempra Energy (SRE) Tops Q1 Earnings & Revenue Estimates

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13 May, 2017

The firm owned 234,255 shares of the utilities provider's stock after buying an additional 144,109 shares during the period.

Several other hedge funds have also recently made changes to their positions in the stock. Quantitative Investment Management LLC raised its position in shares of Sempra Energy by 74.3% in the third quarter. Analysts and investors will be looking ahead to the next company earnings report which is scheduled to be on or around 2017-08-03 for the period ending 2017-06-30. Ltd. now owns 39,956 shares of the utilities provider's stock valued at $4,283,000 after buying an additional 4,267 shares during the last quarter. Perennial Advisors LLC acquired a new position in Sempra Energy during the fourth quarter worth about $106,000. Van ECK Associates Corp now owns 1,828 shares of the utilities provider's stock worth $184,000 after buying an additional 361 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Sempra Energy during the first quarter valued at $312,000.

Sempra Energy (NYSE:SRE) traded down 0.25% on Thursday, hitting $111.37. Our experts cover all kinds of trades... from value to momentum. from stocks under $10 to ETF and option moves. from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. Sempra Energy has a 52-week low of 92.95 and a 52-week high of 114.66. The 50 day moving average of NYSE:SRE is 111.49 and the 200 day moving average is 105.32. The stock's market capitalization is 27.94B. 1487082 shares were traded on Sempra Energy's last session. Earnings, adjusted for non-recurring gains, came to $1.74 per share. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period previous year, the business earned $1.27 earnings per share. On average, analysts predict that Sempra Energy will post $5.11 EPS for the current fiscal year. Shareholders of record on Thursday, March 23rd were paid a $0.8225 dividend. It has a dividend yield of 2.93%.

On 12/16/2016 Sempra Energy announced a quarterly dividend of $0.76 2.92% with an ex dividend date of 12/27/2016 which will be payable on 1/15/2017. Sempra Energy Com now has $28.17 billion valuation. Swiss Bancshares owns 0.01% invested in CyrusOne Inc (NASDAQ:CONE) for 123,599 shares. If you are reading this piece on another publication, it was stolen and republished in violation of USA & global trademark & copyright laws. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/05/11/sempra-energy-sre-shares-sold-by-bank-of-new-york-mellon-corp.html. Analysts' recommendations are the fountainhead of equity research reports and should be used in tangent with proprietary research and investment methodologies in order to make investment decisions. Zacks Investment Research upgraded Sempra Energy from a "sell" rating to a "hold" rating in a research note on Thursday, February 9th. The stock of Sempra Energy (NYSE:SRE) has "Outperform" rating given on Monday, January 25 by RBC Capital Markets. "The stock has been rated as "Buy" from "10" Analysts". Combining all of the ratings, the current consensus is sitting at 1.79.

In other news, insider Steven D. Davis sold 2,233 shares of Sempra Energy stock in a transaction that occurred on Monday, February 13th.

On 1/24/2017 Joseph A Householder, Insider, sold 6,472 with an average share price of $102.10 per share and the total transaction amounting to $660,791.20. It also upped Ishares S&P 500 Value Etf (IVE) stake by 314,335 shares and now owns 335,289 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. On Thursday, March 2 OUCHI WILLIAM G sold $65,922 worth of Sempra Energy (NYSE:SRE) or 600 shares. The stock was sold at an average price of $109.69, for a total transaction of $1,674,088.78.

Energy Income Partners Llc increased American Elec Pwr Inc (NYSE:AEP) stake by 19,704 shares to 1.29 million valued at $81.34 million in 2016Q4. The disclosure for this sale can be found here. Insiders have sold 22,495 shares of company stock valued at $2,453,154 over the last quarter.

Cambridge Trust Company invested 0.01% of its portfolio in Sempra Energy (NYSE:SRE).


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