16,366 Shares in Sempra Energy $SRE Acquired by Apriem Advisors

Apriem Advisors purchased a new position in Sempra Energy (NYSE:SRE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,366 shares of the utilities provider’s stock, valued at approximately $1,473,000.

A number of other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Sempra Energy in the third quarter valued at $25,000. Westside Investment Management Inc. lifted its holdings in Sempra Energy by 51.2% in the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares in the last quarter. NewSquare Capital LLC lifted its holdings in Sempra Energy by 245.1% in the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock worth $32,000 after buying an additional 299 shares in the last quarter. Hartford Funds Management Co LLC purchased a new position in Sempra Energy in the 2nd quarter valued at about $35,000. Finally, Activest Wealth Management grew its stake in shares of Sempra Energy by 74.6% during the third quarter. Activest Wealth Management now owns 391 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays set a $95.00 price target on Sempra Energy and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $101.00 target price on shares of Sempra Energy in a research report on Friday. Citigroup reiterated a “neutral” rating and set a $99.00 target price (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $112.00 price objective (down from $115.00) on shares of Sempra Energy in a research note on Tuesday, January 20th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.17.

Sempra Energy Stock Performance

Sempra Energy stock opened at $93.55 on Tuesday. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.74. The firm’s 50-day moving average is $89.05 and its 200-day moving average is $88.45. 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 has a market cap of $61.06 billion, a P/E ratio of 28.70, a PEG ratio of 3.53 and a beta of 0.74.

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.