Canada Post Corp Registered Pension Plan Purchases 52,274 Shares of Sempra Energy $SRE

Canada Post Corp Registered Pension Plan boosted its holdings in shares of Sempra Energy (NYSE:SRE) by 225.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,410 shares of the utilities provider’s stock after purchasing an additional 52,274 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Sempra Energy were worth $6,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SRE. Vanguard Group Inc. boosted its position in Sempra Energy by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 66,328,942 shares of the utilities provider’s stock valued at $5,025,777,000 after buying an additional 2,090,840 shares during the last quarter. State Street Corp lifted its stake in shares of Sempra Energy by 3.7% during the second quarter. State Street Corp now owns 34,380,068 shares of the utilities provider’s stock valued at $2,626,827,000 after acquiring an additional 1,214,931 shares during the period. Geode Capital Management LLC boosted its holdings in Sempra Energy by 3.9% in the second quarter. Geode Capital Management LLC now owns 14,036,572 shares of the utilities provider’s stock valued at $1,058,214,000 after acquiring an additional 525,750 shares during the last quarter. Norges Bank bought a new position in Sempra Energy in the second quarter valued at about $701,649,000. Finally, Bank of New York Mellon Corp boosted its holdings in Sempra Energy by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 5,159,207 shares of the utilities provider’s stock valued at $464,225,000 after acquiring an additional 60,247 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Trading Up 1.0%

Shares of NYSE:SRE opened at $87.50 on Friday. The firm has a market cap of $57.11 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.31 and a beta of 0.74. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.72. The company’s fifty day simple moving average is $88.45 and its 200 day simple moving average is $87.50. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76.

Sempra Energy (NYSE:SRE) last released its earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The company’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Sempra Energy will post 4.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SRE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. BTIG Research upgraded Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. BMO Capital Markets increased their target price on Sempra Energy from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $112.00 target price (down from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.83.

Insider Transactions at Sempra Energy

In other news, 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 completion of the sale, the chief financial officer owned 41,280 shares of the company’s stock, valued at approximately $3,809,731.20. This represents a 15.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,074 shares of company stock worth $1,385,605 in the last 90 days. Corporate 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.