Energy Income Partners LLC purchased a new stake in shares of Sempra Energy (NYSE:SRE – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,370,004 shares of the utilities provider’s stock, valued at approximately $127,013,000. Sempra Energy comprises approximately 2.0% of Energy Income Partners LLC’s holdings, making the stock its 13th largest position.
Several other institutional investors have also added to or reduced their stakes in SRE. Bell Investment Advisors Inc increased its stake in Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Ares Financial Consulting LLC bought a new position in shares of Sempra Energy during the 4th quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of 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 purchasing an additional 127 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Sempra Energy by 83.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 161 shares in the last quarter. Finally, Key Financial Inc increased its position in Sempra Energy by 73.6% in the fourth quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.
Sempra Energy Stock Performance
NYSE:SRE opened at $87.26 on Wednesday. The stock’s fifty day moving average is $90.70 and its 200 day moving average is $92.26. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The firm has a market capitalization of $57.06 billion, a PE ratio of 25.29, a PEG ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.
Analysts Set New Price Targets
A number of research firms recently issued reports on SRE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. TD Cowen initiated coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a report on Tuesday, April 21st. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.92.
Read Our Latest Research Report on Sempra Energy
Insider Activity
In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.
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.
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