Compass Wealth Management LLC Makes New $536,000 Investment in Sempra Energy $SRE

Compass Wealth Management LLC acquired a new stake in shares of Sempra Energy (NYSE:SRE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,962 shares of the utilities provider’s stock, valued at approximately $536,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in Sempra Energy by 19.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock worth $7,678,000 after acquiring an additional 13,864 shares during the period. Westerkirk Capital Inc. purchased a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $3,091,000. Amundi raised 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 purchasing an additional 327,154 shares during the period. North Star Asset Management Inc. purchased a new position in Sempra Energy in the second quarter valued at approximately $212,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in Sempra Energy by 32.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 74,620 shares of the utilities provider’s stock valued at $6,714,000 after purchasing an additional 18,359 shares during the period. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company restated an “overweight” rating and issued a $112.00 target price (down from $115.00) on shares of Sempra Energy in a research note on Tuesday, January 20th. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays set a $95.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $101.00 price target on shares of Sempra Energy in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.17.

Sempra Energy Trading Up 0.5%

Shares of SRE opened at $93.48 on Friday. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74. The stock has a market cap of $61.01 billion, a PE ratio of 28.67, a P/E/G ratio of 3.51 and a beta of 0.74. 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 business’s 50-day moving average price is $88.96 and its 200-day moving average price is $88.28.

Insider Buying and Selling

In other news, CFO Karen L. Sedgwick sold 7,564 shares of the business’s stock in a transaction on Monday, November 24th. The shares were 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 directly owned 41,280 shares in the company, valued at $3,809,731.20. The trade was a 15.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by insiders.

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.