Metis Global Partners LLC Increases Position in Sempra Energy $SRE

Metis Global Partners LLC increased its position in shares of Sempra Energy (NYSE:SRE) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,518 shares of the utilities provider’s stock after acquiring an additional 9,713 shares during the quarter. Metis Global Partners LLC’s holdings in Sempra Energy were worth $6,525,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted 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 worth $1,285,000 after purchasing an additional 6,196 shares during the last quarter. Woodline Partners LP boosted its stake in Sempra Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after buying an additional 15,474 shares during the last quarter. Ignite Planners LLC boosted 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 worth $970,000 after buying an additional 371 shares during the last quarter. CWM LLC grew 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 buying an additional 1,481 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Sempra Energy by 77.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,404 shares of the utilities provider’s stock valued at $1,016,000 after acquiring an additional 5,835 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sempra Energy

In other news, CFO Karen L. Sedgwick sold 7,564 shares of Sempra Energy 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 sale, the chief financial officer owned 41,280 shares in the company, valued at $3,809,731.20. This trade represents a 15.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Dyan Z. Wold sold 1,510 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $91.38, for a total transaction of $137,983.80. Following the transaction, the chief accounting officer directly owned 3,481 shares in the company, valued at approximately $318,093.78. The trade was a 30.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 15,074 shares of company stock worth $1,385,605. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SRE. BMO Capital Markets raised their target price on shares of Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Barclays set a $95.00 price target on shares of Sempra Energy and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. BTIG Research raised Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.83.

Sempra Energy Stock Performance

NYSE:SRE opened at $94.79 on Friday. The firm’s fifty day simple moving average is $88.50 and its 200 day simple moving average is $87.88. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74. The firm has a market capitalization of $61.86 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.48 and a beta of 0.74.

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.