Reaves W H & Co. Inc. Increases Stock Position in Sempra Energy $SRE

Reaves W H & Co. Inc. raised its stake in shares of Sempra Energy (NYSE:SRE) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,595,828 shares of the utilities provider’s stock after acquiring an additional 53,079 shares during the period. Sempra Energy makes up 2.6% of Reaves W H & Co. Inc.’s holdings, making the stock its 15th biggest holding. Reaves W H & Co. Inc. owned approximately 0.24% of Sempra Energy worth $143,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Sempra Energy in the second quarter valued at approximately $701,649,000. Marshall Wace LLP raised its holdings in shares of Sempra Energy by 786.1% in the 2nd quarter. Marshall Wace LLP now owns 2,957,399 shares of the utilities provider’s stock valued at $224,082,000 after buying an additional 2,623,637 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Sempra Energy by 809.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,750,891 shares of the utilities provider’s stock worth $208,435,000 after acquiring an additional 2,448,415 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Sempra Energy by 3.3% during 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 acquiring an additional 2,090,840 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Sempra Energy by 20,627.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,898,675 shares of the utilities provider’s stock valued at $170,842,000 after acquiring an additional 1,889,515 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Price Performance

Sempra Energy stock opened at $87.54 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $88.37 and a 200-day simple moving average of $87.66. The stock has a market cap of $57.14 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.72.

Insider Activity at Sempra Energy

In related news, EVP Caroline Ann Winn sold 5,500 shares of the 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 of the company’s stock, valued at $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 accessible through the SEC website. Also, CAO Dyan Z. Wold sold 1,510 shares of Sempra Energy 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 sale, the chief accounting officer owned 3,481 shares in the company, valued at $318,093.78. This represents a 30.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,074 shares of company stock valued at $1,385,605 over the last three months. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SRE has been the topic of several research reports. Citigroup reissued a “neutral” rating and set a $99.00 price target (up previously from $80.00) on shares of Sempra Energy in a research report on Monday, November 24th. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. BTIG Research raised shares of Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group set a $89.00 price objective on Sempra Energy and gave the company a “hold” rating in a research note on Wednesday, October 22nd. One investment 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’s stock. Based on data from MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $95.83.

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.