Sanctuary Advisors LLC purchased a new stake in Sempra Energy (NYSE:SRE – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 112,471 shares of the utilities provider’s stock, valued at approximately $10,427,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Sempra Energy during the 2nd quarter worth about $5,588,577,000. Norges Bank bought a new stake in shares of Sempra Energy in the fourth quarter valued at about $914,924,000. Deutsche Bank AG bought a new stake in shares of Sempra Energy in the second quarter valued at about $896,599,000. Bank of New York Mellon Corp bought a new stake in shares of Sempra Energy in the second quarter valued at about $465,202,000. Finally, Morgan Stanley grew its position in Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after buying an additional 3,250,783 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Sempra Energy Trading Up 2.0%
SRE stock opened at $84.57 on Tuesday. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. The firm has a market cap of $55.30 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.99 and a beta of 0.57. The business’s 50 day moving average is $90.17 and its 200-day moving average is $92.21. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.
Insiders Place Their Bets
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. TD Cowen initiated coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. Truist Financial set a $100.00 price objective on Sempra Energy and gave the stock a “buy” rating in a report on Thursday, August 13th. Morgan Stanley lowered their price objective on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.62.
View Our Latest Analysis on SRE
Sempra Energy 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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