Sempra Energy $SRE Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Sempra Energy (NYSE:SRE) by 5.7% in the third quarter, Holdings Channel reports. The firm owned 141,927 shares of the utilities provider’s stock after buying an additional 7,706 shares during the period. Public Sector Pension Investment Board’s holdings in Sempra Energy were worth $12,771,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in shares of Sempra Energy by 52.5% during the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after acquiring an additional 6,196 shares during the last quarter. Woodline Partners LP increased its position in shares of Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after purchasing an additional 15,474 shares in the last quarter. Ignite Planners LLC raised its stake in Sempra Energy by 3.1% in the 2nd quarter. Ignite Planners LLC now owns 12,396 shares of the utilities provider’s stock valued at $970,000 after purchasing an additional 371 shares during the last quarter. CWM LLC lifted its holdings in Sempra Energy by 7.2% in the 2nd quarter. CWM LLC now owns 21,944 shares of the utilities provider’s stock valued at $1,663,000 after purchasing an additional 1,481 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Sempra Energy by 1.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 74,778 shares of the utilities provider’s stock valued at $5,666,000 after purchasing an additional 1,131 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling at Sempra Energy

In related news, CFO Karen L. Sedgwick sold 7,564 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $92.29, for a total transaction of $698,081.56. Following the completion of the transaction, the chief financial officer owned 41,280 shares of the company’s stock, valued at approximately $3,809,731.20. This trade represents a 15.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dyan Z. Wold sold 1,510 shares of Sempra Energy stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total transaction of $137,983.80. Following the completion of the sale, the chief accounting officer owned 3,481 shares of the company’s stock, valued at $318,093.78. This trade represents a 30.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,074 shares of company stock valued at $1,385,605 over the last 90 days. 0.27% of the stock is owned by insiders.

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $94.79 on Monday. The firm has a market cap of $61.86 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.53 and a beta of 0.74. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.74. The business’s fifty day simple moving average is $88.50 and its 200-day simple moving average is $87.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays set a $95.00 target price on shares of Sempra Energy and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Morgan Stanley set a $97.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a research note on Monday, February 2nd. BTIG Research upgraded shares of Sempra Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group set a $89.00 target price on Sempra Energy and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, Citigroup reissued a “neutral” rating and issued a $99.00 price objective (up previously from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.83.

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.