Raiffeisen Bank International AG Has $473,000 Stock Position in Sempra Energy $SRE

Raiffeisen Bank International AG reduced its position in Sempra Energy (NYSE:SRE) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,274 shares of the utilities provider’s stock after selling 5,602 shares during the period. Raiffeisen Bank International AG’s holdings in Sempra Energy were worth $473,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SRE. Meeder Asset Management Inc. purchased a new position in Sempra Energy during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. boosted its position in shares of Sempra Energy by 51.2% in the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares during the period. Activest Wealth Management boosted its position in shares of Sempra Energy by 74.6% in the third quarter. Activest Wealth Management now owns 391 shares of the utilities provider’s stock worth $35,000 after buying an additional 167 shares during the period. NewSquare Capital LLC grew its holdings in shares of Sempra Energy by 245.1% during the second quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after buying an additional 299 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in Sempra Energy by 117.4% during the third quarter. SOA Wealth Advisors LLC. now owns 424 shares of the utilities provider’s stock valued at $38,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Up 0.5%

SRE stock opened at $93.48 on Monday. The firm has a market cap of $61.01 billion, a PE ratio of 28.67, a PEG ratio of 3.53 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 fifty day simple moving average of $88.96 and a 200 day simple moving average of $88.37. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SRE shares. Morgan Stanley reaffirmed an “overweight” rating and set a $101.00 target price on shares of Sempra Energy in a research note on Friday. Wells Fargo & Company restated an “overweight” rating and set a $112.00 price target (down from $115.00) on shares of Sempra Energy in a report on Tuesday, January 20th. Barclays set a $95.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Citigroup restated a “neutral” rating and set a $99.00 price target (up from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. One investment 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, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $96.17.

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.