Sempra Energy Institutional Investor Sentiment Improved in Q3 2017

January 13, 2018 - By Linda Rogers

 Sempra Energy Institutional Investor Sentiment  Improved in  Q3 2017

Sentiment for Sempra Energy (NYSE:SRE)

Sempra Energy (NYSE:SRE) institutional sentiment increased to 1.19 in 2017 Q3. Its up 0.18, from 1.01 in 2017Q2. The ratio is more positive, as 234 hedge funds increased or started new equity positions, while 196 sold and decreased their holdings in Sempra Energy. The hedge funds in our partner’s database reported: 197.93 million shares, down from 200.08 million shares in 2017Q2. Also, the number of hedge funds holding Sempra Energy in their top 10 equity positions was flat from 7 to 7 for the same number . Sold All: 28 Reduced: 168 Increased: 172 New Position: 62.

Sempra Energy, together with its subsidiaries, engages in energy business worldwide. The company has market cap of $26.86 billion. The companyÂ’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. It has a 23.67 P/E ratio. As of December 31, 2016, this segment had approximately 1.4 million electric meters and 878,000 natural gas meters.

The stock increased 0.18% or $0.19 during the last trading session, reaching $106.89. About 2.56M shares traded or 40.43% up from the average. Sempra Energy (NYSE:SRE) has risen 8.27% since January 13, 2017 and is uptrending. It has underperformed by 8.43% the S&P500.

Analysts await Sempra Energy (NYSE:SRE) to report earnings on February, 27. They expect $1.39 EPS, down 8.55 % or $0.13 from last year’s $1.52 per share. SRE’s profit will be $349.28 million for 19.22 P/E if the $1.39 EPS becomes a reality. After $1.04 actual EPS reported by Sempra Energy for the previous quarter, Wall Street now forecasts 33.65 % EPS growth.

Rare Infrastructure Ltd holds 5.12% of its portfolio in Sempra Energy for 615,668 shares. Reaves W H & Co Inc owns 979,100 shares or 4.05% of their US portfolio. Moreover, Crow Point Partners Llc has 4.03% invested in the company for 219,900 shares. The New York-based Evercore Trust Company N.A. has invested 3.31% in the stock. Newfocus Financial Group Llc, a Washington-based fund reported 31,996 shares.#img1#

Sempra Energy (NYSE:SRE) Ratings Coverage

Ratings analysis reveals 56% of Sempra Energy’s analysts are positive. Out of 9 Wall Street analysts rating Sempra Energy, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $108 while the high is $134. The stock’s average target of $118.11 is 10.50% above today’s ($106.89) share price. SRE was included in 18 notes of analysts from September 15, 2015. The firm has “Buy” rating by Goldman Sachs given on Wednesday, October 11. The firm has “Equal-Weight” rating given on Thursday, June 8 by Barclays Capital. The stock has “Neutral” rating by JP Morgan on Thursday, October 12. The firm has “Buy” rating given on Sunday, July 23 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, October 1 report. The stock of Sempra Energy (NYSE:SRE) earned “Outperform” rating by RBC Capital Markets on Monday, January 25. RBC Capital Markets maintained Sempra Energy (NYSE:SRE) rating on Sunday, August 27. RBC Capital Markets has “Buy” rating and $117.0 target. The company was maintained on Thursday, August 10 by Morgan Stanley. The firm earned “Buy” rating on Sunday, November 5 by RBC Capital Markets. As per Friday, December 22, the company rating was downgraded by Bank of America.

More notable recent Sempra Energy (NYSE:SRE) news were published by: Nasdaq.com which released: “Investors pile in for Sempra Energy bond” on January 09, 2018, also Nasdaq.com with their article: “Sempra Energy Stock Getting Very Oversold” published on December 21, 2017, Nasdaq.com published: “Is Sempra Energy (SRE) a Great Stock for Value Investors?” on January 09, 2018. More interesting news about Sempra Energy (NYSE:SRE) were released by: Prnewswire.com and their article: “Sempra Energy Announces Proposed Public Offerings Of Common Stock And …” published on January 02, 2018 as well as Moodys.com‘s news article titled: “Moody’s changes rating outlook of Sempra Energy to negative; affirms Baa1 …” with publication date: December 20, 2017.

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