Published: Tue, March 13, 2018
Business | By Tara Barton

Wells Fargo & Co Reiterates Buy Rating for Sempra Energy (NYSE:SRE)

Wells Fargo & Co Reiterates Buy Rating for Sempra Energy (NYSE:SRE)

Fedex Corp now has $66.20B valuation. About 1.09 million shares traded or 81.80% up from the average. Realty Income Corporation (NYSE:O) has declined 8.21% since March 13, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Tiedemann Wealth Management Llc increased Sempra Energy (SRE) stake by 7.81% reported in 2017Q3 SEC filing. Finally, Fieldpoint Private Securities LLC bought a new position in Sempra Energy during the 3rd quarter worth approximately $153,000. Bessemer Group Inc. now owns 8,926 shares of the utilities provider's stock valued at $1,018,000 after buying an additional 3,160 shares during the period. Sempra Energy's dividend payout ratio is now 73.77%. The stock decreased 0.65% or $0.71 during the last trading session, reaching $109.08. About 2.50 million shares traded. Sempra Energy had a net margin of 2.28% and a return on equity of 8.86%. It has underperformed by 8.43% the S&P500.

Investors sentiment increased to 1.27 in Q3 2017.

Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading on Monday.

Several institutional investors and hedge funds have recently made changes to their positions in SRE. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.40 by $0.14. Great Lakes Advsr Ltd Com invested in 0.01% or 4,546 shares. The Massachusetts-based Commonwealth Equity Services Inc has invested 0.01% in the stock. Raymond James Trust Na holds 0.08% in Sempra Energy (NYSE:SRE) or 9,555 shares. Tortoise Cap Advsrs accumulated 2,514 shares. Patten Grp reported 379 shares. Cibc Asset Mgmt Inc reported 22,800 shares. Gsa Cap Prtn Llp reported 0.06% stake. Neuberger Berman Gp Ltd reported 0.07% of its portfolio in Sempra Energy (NYSE:SRE). 235 are held by First Interstate Retail Bank. Shell Asset Management Co. raised its stake in Sempra Energy by 14.1% during the third quarter.

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Pure Financial Advisors Inc increased its stake in Sempra Energy (SRE) by 47.51% based on its latest 2017Q3 regulatory filing with the SEC. Kbc Gru Nv invested in 26,115 shares. It also upped Target Corp (NYSE:TGT) stake by 21,338 shares and now owns 30,965 shares. Wal (NYSE:WMT) was raised too. Bahl & Gaynor owns 1.03% invested in Sempra Energy (NYSE:SRE) for 825,131 shares. Therefore 83% are positive. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97. Sempra Energy now has a consensus rating of "Buy" and a consensus target price of $119.80. The rating was maintained by RBC Capital Markets on Monday, January 25 with "Outperform". As per Thursday, August 10, the company rating was maintained by Morgan Stanley. On Thursday, May 11 the stock rating was maintained by BMO Capital Markets with "Hold". As per Thursday, October 12, the company rating was maintained by JP Morgan. The firm has "Outperform" rating given on Wednesday, February 28 by Wells Fargo. RBC Capital Markets has "Buy" rating and $117.0 target. The company was maintained on Sunday, November 5 by RBC Capital Markets. Barclays Capital downgraded Sempra Energy (NYSE:SRE) on Thursday, June 8 to "Equal-Weight" rating. On Thursday, August 10 the stock rating was maintained by Morgan Stanley with "Overweight". The firm earned "Buy" rating on Sunday, October 1 by RBC Capital Markets. Cutter & Brokerage owns 16,346 shares. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. FedEx had 108 analyst reports since August 14, 2015 according to SRatingsIntel. As per Thursday, December 28, the company rating was maintained by Tigress Financial. As per Tuesday, March 22, the company rating was initiated by Sterne Agee CRT. JP Morgan has "Neutral" rating and $125 target. The stock has "Buy" rating by KeyBanc Capital Markets on Tuesday, October 10. Cowen & Co has "Hold" rating and $2400 target. Robert W. Baird downgraded RingCentral, Inc. The firm earned "Buy" rating on Wednesday, October 11 by Goldman Sachs. The stock has "Neutral" rating by DA Davidson on Thursday, July 23.

Investors sentiment decreased to 0.99 in 2017 Q3. Its up 0.39, from 1.2 in 2017Q2. 118 funds opened positions while 525 raised stakes. Da Davidson, a Montana-based fund reported 52,389 shares. Alphaone Invest Limited Liability Corporation owns 0.01% invested in Matthews International Corporation (NASDAQ:MATW) for 890 shares. Cohen Klingenstein Lc stated it has 0.57% of its portfolio in General Electric Company (NYSE:GE). Cadence Comml Bank Na holds 195,323 shares. Moody Bancshares Division has 101,462 shares. Buckhead Capital Management Ltd Liability Corp holds 1.57% or 301,890 shares in its portfolio. Front Row Advisors LLC acquired a new position in shares of Sempra Energy in the 4th quarter valued at approximately $130,000. Merriman Wealth Mngmt Ltd Liability reported 186,900 shares or 1.07% of all its holdings.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. During the same period in the prior year, the business posted $1.52 earnings per share. Eagle Ridge reported 72,890 shares.

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