Two Sigma Securities LLC purchased a new position in shares of Sempra Energy (NYSE:SRE – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 28,635 shares of the utilities provider’s stock, valued at approximately $2,655,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRE. BlackRock Inc. acquired a new position in shares of Sempra Energy during the second quarter worth approximately $5,588,577,000. Norges Bank bought a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $914,924,000. Bank of America Corp DE acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $957,056,000. Deutsche Bank AG acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $896,599,000. Finally, Legal & General Group Plc bought a new position in Sempra Energy in the 2nd quarter worth approximately $538,775,000. Institutional investors and hedge funds own 89.65% of the company’s stock.
Sempra Energy Price Performance
Sempra Energy stock opened at $84.25 on Monday. The firm has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a PEG ratio of 2.03 and a beta of 0.57. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The business has a 50-day moving average of $89.67 and a 200-day moving average of $92.14. 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 business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.
Analyst Upgrades and Downgrades
SRE has been the topic of several research reports. 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 target price on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. TD Cowen initiated coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.
Check Out Our Latest Stock Report on SRE
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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