NEOS Investment Management LLC Boosts Stock Position in Sempra Energy $SRE

NEOS Investment Management LLC grew its position in Sempra Energy (NYSE:SRE) by 44.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,690 shares of the utilities provider’s stock after buying an additional 25,239 shares during the period. NEOS Investment Management LLC’s holdings in Sempra Energy were worth $7,298,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SRE. West Wealth Group LLC grew its position in Sempra Energy by 1.1% in the 3rd quarter. West Wealth Group LLC now owns 10,207 shares of the utilities provider’s stock valued at $942,000 after acquiring an additional 112 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Sempra Energy by 1.7% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,911 shares of the utilities provider’s stock valued at $622,000 after purchasing an additional 113 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Sempra Energy by 24.4% during the 2nd quarter. Manchester Capital Management LLC now owns 642 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 126 shares during the last quarter. Westside Investment Management Inc. raised its stake in Sempra Energy by 51.2% in the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. Finally, Mendel Money Management lifted its holdings in Sempra Energy by 1.6% during the 2nd quarter. Mendel Money Management now owns 8,476 shares of the utilities provider’s stock worth $642,000 after buying an additional 130 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of research analyst reports. Jefferies Financial Group set a $89.00 price target on Sempra Energy and gave the company a “hold” rating in a report on Wednesday, October 22nd. Citigroup reiterated a “neutral” rating and set a $99.00 price target (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley set a $97.00 target price on Sempra Energy and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $95.83.

Insider Transactions at Sempra Energy

In other Sempra Energy news, CFO Karen L. Sedgwick sold 7,564 shares of the company’s stock in a transaction 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 in the company, valued at approximately $3,809,731.20. This represents a 15.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Sempra Energy Trading Down 1.4%

Shares of SRE stock opened at $91.66 on Thursday. The company has a market capitalization of $59.83 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $88.77 and its two-hundred day moving average is $88.18. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74.

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.