Commerzbank Aktiengesellschaft FI bought a new position in shares of Sempra Energy (NYSE:SRE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 26,566 shares of the utilities provider’s stock, valued at approximately $2,463,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SRE. Bell Investment Advisors Inc grew its stake in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in shares of Sempra Energy in the 4th quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Sempra Energy by 57.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Sempra Energy by 83.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 161 shares in the last quarter. Finally, Key Financial Inc boosted its stake in Sempra Energy by 73.6% in the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
Sempra Energy Stock Down 0.5%
Sempra Energy stock opened at $85.97 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The business’s 50-day moving average price is $90.77 and its 200 day moving average price is $92.26. The firm has a market cap of $56.22 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57.
Insider Buying and Selling
In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were 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 approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on SRE. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research note on Thursday, July 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and set a $108.00 price objective on shares of Sempra Energy in a report on Wednesday, July 22nd. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Barclays reduced their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $103.92.
Read Our Latest Research Report on Sempra Energy
Sempra Energy Company Profile
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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