Dakota Wealth Management Has $8.66 Million Stock Holdings in Sempra Energy $SRE

Dakota Wealth Management raised its holdings in Sempra Energy (NYSE:SRE) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,193 shares of the utilities provider’s stock after buying an additional 15,271 shares during the period. Dakota Wealth Management’s holdings in Sempra Energy were worth $8,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SRE. Mirae Asset Global Investments Co. Ltd. grew its holdings in Sempra Energy by 19.4% during 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 buying an additional 13,864 shares in the last quarter. Westerkirk Capital Inc. purchased a new position in Sempra Energy during the 2nd quarter worth $3,091,000. Amundi grew its stake 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 acquiring an additional 327,154 shares in the last quarter. North Star Asset Management Inc. bought a new stake in shares of Sempra Energy in the 2nd quarter worth $212,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Sempra Energy by 32.6% in 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 last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $93.55 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $89.05 and a two-hundred day simple moving average of $88.45. Sempra Energy has a 1-year low of $61.90 and a 1-year high of $95.74. The firm has a market cap of $61.06 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.53 and a beta of 0.74.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SRE shares. 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. Barclays set a $95.00 target price on Sempra Energy and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $112.00 price target (down from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. Finally, Citigroup restated a “neutral” rating and issued a $99.00 price objective (up previously from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $96.17.

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.