Atria Investments Inc Cuts Position in Sempra Energy $SRE

Atria Investments Inc lowered its position in Sempra Energy (NYSE:SRE) by 15.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,554 shares of the utilities provider’s stock after selling 6,324 shares during the quarter. Atria Investments Inc’s holdings in Sempra Energy were worth $3,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Wealth Group LLC lifted its position in shares of Sempra Energy by 1.1% during the 3rd quarter. West Wealth Group LLC now owns 10,207 shares of the utilities provider’s stock worth $942,000 after purchasing an additional 112 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Sempra Energy by 1.7% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,911 shares of the utilities provider’s stock worth $622,000 after buying an additional 113 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Sempra Energy by 24.4% during the 2nd quarter. Manchester Capital Management LLC now owns 642 shares of the utilities provider’s stock worth $49,000 after buying an additional 126 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Sempra Energy by 51.2% during the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 127 shares in the last quarter. Finally, Mendel Money Management increased its holdings in shares of Sempra Energy by 1.6% in the 2nd quarter. Mendel Money Management now owns 8,476 shares of the utilities provider’s stock valued at $642,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Trading Up 2.2%

NYSE SRE opened at $94.79 on Monday. The firm’s fifty day moving average is $88.50 and its two-hundred day moving average is $87.98. Sempra Energy has a one year low of $61.90 and a one year high of $95.74. 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 firm has a market cap of $61.86 billion, a PE ratio of 29.08, a P/E/G ratio of 2.53 and a beta of 0.74.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SRE. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Wells Fargo & Company restated an “overweight” rating and set a $112.00 price objective (down previously from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. Jefferies Financial Group set a $89.00 target price on shares of Sempra Energy and gave the company a “hold” rating in a research report on Wednesday, October 22nd. BMO Capital Markets lifted their price target on shares of Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, 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. One 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’s stock. According to data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $95.83.

Insiders Place Their Bets

In other Sempra Energy news, CAO Dyan Z. Wold sold 1,510 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer directly owned 3,481 shares of the company’s stock, valued at approximately $318,093.78. The trade was a 30.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Karen L. Sedgwick sold 7,564 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $92.29, for a total transaction of $698,081.56. Following the completion of the sale, the chief financial officer owned 41,280 shares of the company’s stock, valued at $3,809,731.20. This trade represents a 15.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,074 shares of company stock valued at $1,385,605. 0.27% of the stock is owned by company insiders.

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.