Sempra Energy $SRE Shares Sold by Assetmark Inc.

Assetmark Inc. cut its position in shares of Sempra Energy (NYSE:SRE) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 415,716 shares of the utilities provider’s stock after selling 25,900 shares during the quarter. Assetmark Inc. owned 0.06% of Sempra Energy worth $37,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Westerkirk Capital Inc. bought a new position in shares of Sempra Energy in the second quarter worth about $3,091,000. Amundi lifted its holdings in shares of Sempra Energy by 20.8% in the 2nd quarter. Amundi now owns 1,903,624 shares of the utilities provider’s stock worth $142,429,000 after buying an additional 327,154 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sempra Energy by 19.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock worth $7,678,000 after buying an additional 13,864 shares in the last quarter. North Star Asset Management Inc. purchased a new position in Sempra Energy during the 2nd quarter valued at about $212,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Sempra Energy in the 2nd quarter valued at about $17,292,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Sempra Energy in a research report on Thursday, January 22nd. Citigroup reiterated a “neutral” rating and set a $99.00 price objective (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. Wells Fargo & Company reissued an “overweight” rating and set a $112.00 price objective (down from $115.00) on shares of Sempra Energy in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.83.

Sempra Energy Price Performance

Sempra Energy stock opened at $94.79 on Friday. The company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.56 and a current ratio of 1.59. The company’s 50 day simple moving average is $88.50 and its 200-day simple moving average is $87.88.

Insiders Place Their Bets

In related news, CFO Karen L. Sedgwick sold 7,564 shares of the stock in a transaction on 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 directly owned 41,280 shares of the company’s stock, valued at $3,809,731.20. This trade represents a 15.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Caroline Ann Winn sold 5,500 shares of Sempra Energy stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $91.58, for a total value of $503,690.00. Following the sale, the executive vice president owned 34,164 shares in the company, valued at $3,128,739.12. This trade represents a 13.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 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.