Aberdeen Group plc Has $83.22 Million Holdings in Sempra Energy $SRE

Aberdeen Group plc lifted its position in Sempra Energy (NYSE:SRE) by 46.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 927,758 shares of the utilities provider’s stock after acquiring an additional 293,214 shares during the quarter. Aberdeen Group plc owned approximately 0.14% of Sempra Energy worth $83,220,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Sempra Energy by 3.3% in the second quarter. Vanguard Group Inc. now owns 66,328,942 shares of the utilities provider’s stock valued at $5,025,777,000 after purchasing an additional 2,090,840 shares in the last quarter. State Street Corp lifted its stake in Sempra Energy by 3.7% in the 2nd quarter. State Street Corp now owns 34,380,068 shares of the utilities provider’s stock worth $2,626,827,000 after acquiring an additional 1,214,931 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sempra Energy by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 14,036,572 shares of the utilities provider’s stock worth $1,058,214,000 after acquiring an additional 525,750 shares in the last quarter. Norges Bank acquired a new stake in Sempra Energy during the 2nd quarter worth about $701,649,000. Finally, Bank of New York Mellon Corp grew its stake in Sempra Energy by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,159,207 shares of the utilities provider’s stock valued at $464,225,000 after acquiring an additional 60,247 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Caroline Ann Winn sold 500 shares of Sempra Energy stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $91.70, for a total value of $45,850.00. Following the transaction, the executive vice president owned 33,664 shares in the company, valued at $3,086,988.80. This trade represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Dyan Z. Wold sold 1,510 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total value of $137,983.80. Following the completion of the sale, the chief accounting officer directly owned 3,481 shares in the company, valued at $318,093.78. This trade represents a 30.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,074 shares of company stock valued at $1,385,605. Company insiders own 0.27% of the company’s stock.

Sempra Energy Stock Up 2.2%

Shares of SRE stock opened at $94.79 on Monday. The company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.53 and a beta of 0.74. 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 stock’s 50 day simple moving average is $88.50 and its 200 day simple moving average is $87.98. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SRE shares. Jefferies Financial Group set a $89.00 price target on shares of Sempra Energy and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Citigroup reiterated 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. BMO Capital Markets lifted their target price on shares of Sempra Energy from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group restated an “outperform” rating and set a $100.00 price target on shares of Sempra Energy in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $97.00 price objective on Sempra Energy and gave the company an “overweight” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.83.

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.