Teacher Retirement System of Texas Lowers Holdings in Sempra Energy (SRE)

Teacher Retirement System of Texas lowered its position in shares of Sempra Energy (NYSE:SRE) by 19.2% in the first quarter, HoldingsChannel.com reports. The fund owned 52,783 shares of the utilities provider’s stock after selling 12,538 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sempra Energy were worth $5,871,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SRE. Pin Oak Investment Advisors Inc. acquired a new stake in Sempra Energy during the 4th quarter worth about $116,000. Front Row Advisors LLC acquired a new stake in Sempra Energy during the 4th quarter worth about $130,000. Calton & Associates Inc. acquired a new stake in Sempra Energy during the 4th quarter worth about $139,000. Focused Wealth Management Inc acquired a new stake in Sempra Energy during the 4th quarter worth about $160,000. Finally, Sequoia Wealth Management LLC acquired a new stake in Sempra Energy during the 4th quarter worth about $200,000. 90.15% of the stock is owned by institutional investors.

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NYSE SRE opened at $105.21 on Friday. The stock has a market cap of $27.70 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 2.16 and a beta of 0.48. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.26.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, May 7th. The utilities provider reported $1.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.19). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Sempra Energy had a net margin of 1.45% and a return on equity of 8.30%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 EPS. analysts forecast that Sempra Energy will post 5.48 EPS for the current year.

In related news, Chairman Debra L. Reed sold 49,909 shares of Sempra Energy stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $110.37, for a total value of $5,508,456.33. Following the completion of the transaction, the chairman now owns 177,227 shares in the company, valued at approximately $19,560,543.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP G Joyce Rowland sold 3,948 shares of Sempra Energy stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $109.81, for a total value of $433,529.88. Following the completion of the transaction, the vice president now owns 2,655 shares of the company’s stock, valued at approximately $291,545.55. The disclosure for this sale can be found here. Insiders have sold a total of 55,775 shares of company stock valued at $6,142,993 in the last quarter. Company insiders own 0.17% of the company’s stock.

SRE has been the subject of a number of research reports. Zacks Investment Research raised Sempra Energy from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday, March 28th. TheStreet cut Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. UBS initiated coverage on Sempra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $124.00 price target for the company. Wells Fargo & Co reaffirmed a “buy” rating and set a $120.00 price target (down previously from $121.00) on shares of Sempra Energy in a research report on Wednesday, February 28th. Finally, Scotiabank raised Sempra Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $120.64.

Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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