Jefferies Financial Group Inc. bought a new position in Sempra Energy (NYSE:SRE – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 29,101 shares of the utilities provider’s stock, valued at approximately $2,698,000.
A number of other institutional investors have also recently bought and sold shares of the business. Bell Investment Advisors Inc increased its holdings in Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Sempra Energy during the 2nd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Sempra Energy during the 2nd quarter valued at about $27,000. Silvant Capital Management LLC bought a new stake in Sempra Energy in the second quarter valued at about $28,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.
Sempra Energy Price Performance
Shares of Sempra Energy stock opened at $84.25 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $55.09 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.04 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 firm’s 50-day moving average price is $89.67 and its two-hundred day moving average price is $92.10.
Insider Transactions at Sempra Energy
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Barclays cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. TD Cowen assumed coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Truist Financial set a $100.00 price target on Sempra Energy and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Finally, Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.62.
Read Our Latest Analysis on Sempra Energy
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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