Public Sector Pension Investment Board Boosts Stock Holdings in Sempra Energy $SRE

Public Sector Pension Investment Board grew its holdings in Sempra Energy (NYSE:SRE) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,927 shares of the utilities provider’s stock after purchasing an additional 7,706 shares during the quarter. Public Sector Pension Investment Board’s holdings in Sempra Energy were worth $12,771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SRE. Westerkirk Capital Inc. purchased a new position in shares of Sempra Energy in the 2nd quarter valued at approximately $3,091,000. Amundi increased its stake in Sempra Energy by 20.8% during the 2nd quarter. Amundi now owns 1,903,624 shares of the utilities provider’s stock valued at $142,429,000 after purchasing an additional 327,154 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sempra Energy by 19.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock worth $7,678,000 after buying an additional 13,864 shares during the last quarter. North Star Asset Management Inc. acquired a new stake in shares of Sempra Energy during the second quarter worth $212,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Sempra Energy during the second quarter worth $17,292,000. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SRE. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $112.00 target price (down previously from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. Citigroup reiterated a “neutral” rating and issued a $99.00 price target (up previously from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. 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. Finally, Barclays set a $95.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.83.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $94.79 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56. The stock has a market capitalization of $61.86 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.53 and a beta of 0.74. The firm’s 50 day simple moving average is $88.50 and its 200-day simple moving average is $87.98. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.74.

Insiders Place Their Bets

In related news, CAO Dyan Z. Wold sold 1,510 shares of Sempra Energy stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $91.38, for a total value of $137,983.80. Following the completion of the transaction, the chief accounting officer owned 3,481 shares in the company, valued at $318,093.78. The trade was a 30.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen L. Sedgwick sold 7,564 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $92.29, for a total value of $698,081.56. Following the transaction, the chief financial officer owned 41,280 shares in the company, valued at $3,809,731.20. This represents a 15.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,074 shares of company stock worth $1,385,605. Company insiders own 0.27% of the company’s stock.

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.