Sempra Energy $SRE Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA decreased its position in Sempra Energy (NYSE:SRE) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,933 shares of the utilities provider’s stock after selling 77,518 shares during the quarter. Compagnie Lombard Odier SCmA owned 0.06% of Sempra Energy worth $35,806,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SRE. Norges Bank purchased a new position in shares of Sempra Energy in the second quarter valued at $701,649,000. Marshall Wace LLP increased its stake in Sempra Energy by 786.1% during the 2nd quarter. Marshall Wace LLP now owns 2,957,399 shares of the utilities provider’s stock worth $224,082,000 after buying an additional 2,623,637 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Sempra Energy by 809.5% in 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 buying an additional 2,448,415 shares in the last quarter. 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. Finally, Bessemer Group Inc. boosted its position in Sempra Energy by 20,627.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,898,675 shares of the utilities provider’s stock valued at $170,842,000 after buying an additional 1,889,515 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Up 0.2%

SRE stock opened at $87.54 on Tuesday. The firm has a market cap of $57.14 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.33 and a beta of 0.74. Sempra Energy has a 1-year low of $61.90 and a 1-year high of $95.72. The firm has a fifty day moving average price of $88.37 and a two-hundred day moving average price of $87.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56.

Insider Buying and Selling

In other Sempra Energy news, CFO Karen L. Sedgwick sold 7,564 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $92.29, for a total value of $698,081.56. Following the transaction, the chief financial officer owned 41,280 shares of the company’s stock, valued at $3,809,731.20. This trade represents a 15.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Caroline Ann Winn sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $91.70, for a total value of $45,850.00. Following the transaction, the executive vice president directly owned 33,664 shares of the company’s stock, valued at $3,086,988.80. This trade represents a 1.46% decrease in their ownership of the stock. 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 quarter. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays set a $95.00 target price on Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Citigroup restated a “neutral” rating and set a $99.00 price objective (up previously from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. BTIG Research raised Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group set a $89.00 target price on Sempra Energy and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. One equities research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.83.

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.