Sempra Energy $SRE Stake Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Sempra Energy (NYSE:SRE) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,430,820 shares of the utilities provider’s stock after selling 84,685 shares during the quarter. Envestnet Asset Management Inc. owned 0.22% of Sempra Energy worth $128,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SRE. Norges Bank purchased a new position in Sempra Energy during the 2nd quarter valued at about $701,649,000. Marshall Wace LLP boosted its holdings in shares of Sempra Energy by 786.1% during the second quarter. Marshall Wace LLP now owns 2,957,399 shares of the utilities provider’s stock worth $224,082,000 after purchasing an additional 2,623,637 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Sempra Energy by 809.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,750,891 shares of the utilities provider’s stock worth $208,435,000 after purchasing an additional 2,448,415 shares during the period. Vanguard Group Inc. grew its position in Sempra Energy by 3.3% during the second quarter. Vanguard Group Inc. now owns 66,328,942 shares of the utilities provider’s stock valued at $5,025,777,000 after purchasing an additional 2,090,840 shares in the last quarter. Finally, Merewether Investment Management LP increased its stake in Sempra Energy by 321.9% in the 2nd quarter. Merewether Investment Management LP now owns 1,676,932 shares of the utilities provider’s stock valued at $127,061,000 after buying an additional 1,279,431 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sempra Energy

In related news, EVP Caroline Ann Winn sold 5,500 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $91.58, for a total value of $503,690.00. Following the transaction, the executive vice president directly owned 34,164 shares in the company, valued at approximately $3,128,739.12. This trade represents a 13.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Karen L. Sedgwick sold 7,564 shares of Sempra Energy stock in a transaction on Monday, November 24th. The stock was sold at an average price of $92.29, for a total transaction of $698,081.56. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,074 shares of company stock worth $1,385,605 over the last 90 days. Insiders own 0.27% of the company’s stock.

Sempra Energy Price Performance

Shares of NYSE:SRE opened at $87.50 on Friday. The stock has a market capitalization of $57.11 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.31 and a beta of 0.74. The business has a 50-day moving average of $88.45 and a two-hundred day moving average of $87.50. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. On average, equities research analysts predict that Sempra Energy will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SRE. BMO Capital Markets lifted their target price on shares of Sempra Energy from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group reissued an “outperform” rating and set a $100.00 price objective on shares of Sempra Energy in a research report on Thursday, January 22nd. Barclays set a $95.00 target price on Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $97.00 price target on Sempra Energy and gave the company an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.83.

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.