Meeder Advisory Services Inc. acquired a new stake in Sempra Energy (NYSE:SRE – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 12,571 shares of the utilities provider’s stock, valued at approximately $1,165,000.
A number of other large investors also recently modified their holdings of the company. Citizens Financial Group Inc. RI bought a new stake in Sempra Energy during the 2nd quarter worth approximately $972,000. MidFirst Bank bought a new position in Sempra Energy in the 2nd quarter valued at $2,512,000. BlackRock Inc. bought a new position in Sempra Energy in the 2nd quarter valued at $5,588,577,000. Occidental Asset Management LLC purchased a new position in shares of Sempra Energy during the 2nd quarter valued at $393,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Sempra Energy during the 2nd quarter valued at $506,000. 89.65% of the stock is currently owned by institutional investors.
Sempra Energy Price Performance
Shares of NYSE:SRE opened at $85.51 on Thursday. The company’s fifty day moving average price is $90.59 and its 200-day moving average price is $92.25. The firm has a market capitalization of $55.91 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.10 and a beta of 0.57. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SRE. Morgan Stanley reiterated an “overweight” rating and issued a $108.00 price objective on shares of Sempra Energy in a research report on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 target price on Sempra Energy in a research report on Thursday, July 16th. TD Cowen assumed coverage on Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating on the stock. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.92.
Check Out Our Latest Stock Report on SRE
Insider Buying and Selling
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.
About Sempra Energy
Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.
The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.
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