Caprock Group LLC Makes New Investment in Sempra Energy $SRE

Caprock Group LLC bought a new stake in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,053 shares of the utilities provider’s stock, valued at approximately $2,894,000.

A number of other hedge funds also recently made changes to their positions in SRE. Meeder Asset Management Inc. bought a new position in Sempra Energy during the third quarter valued at about $25,000. Westside Investment Management Inc. boosted its stake in Sempra Energy by 51.2% in the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares during the last quarter. NewSquare Capital LLC grew its position in shares of Sempra Energy by 245.1% during the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 299 shares during the period. Bogart Wealth LLC grew its position in shares of Sempra Energy by 74.1% during the 2nd quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 189 shares during the period. Finally, Hartford Funds Management Co LLC purchased a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $35,000. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays set a $95.00 price objective on Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup reiterated a “neutral” rating and set a $99.00 price target (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 report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. One research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.83.

Sempra Energy Stock Up 1.8%

SRE stock opened at $92.81 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $60.58 billion, a PE ratio of 28.47, a PEG ratio of 2.43 and a beta of 0.74. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.72. The stock has a 50-day simple moving average of $88.41 and a two-hundred day simple moving average of $87.78.

Insider Buying and Selling

In other news, CAO Dyan Z. Wold sold 1,510 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total value of $137,983.80. Following the transaction, the chief accounting officer owned 3,481 shares of the company’s stock, valued at approximately $318,093.78. This represents a 30.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Caroline Ann Winn sold 500 shares of Sempra Energy stock in a transaction 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 sale, the executive vice president directly owned 33,664 shares of the company’s stock, valued at $3,086,988.80. This represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 15,074 shares of company stock valued at $1,385,605. Company insiders own 0.27% of the company’s stock.

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.