Lansforsakringar Fondforvaltning AB publ Has $18.30 Million Holdings in Sempra Energy $SRE

Lansforsakringar Fondforvaltning AB publ grew its position in Sempra Energy (NYSE:SRE) by 5.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 203,402 shares of the utilities provider’s stock after acquiring an additional 11,020 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Sempra Energy were worth $18,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Sempra Energy by 14.2% in the third quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider’s stock valued at $6,813,784,000 after purchasing an additional 9,396,652 shares during the last quarter. State Street Corp increased its stake in shares of Sempra Energy by 3.7% in the second quarter. State Street Corp now owns 34,380,068 shares of the utilities provider’s stock valued at $2,626,827,000 after buying an additional 1,214,931 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $1,058,214,000 after buying an additional 525,750 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Sempra Energy by 106.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock worth $938,325,000 after buying an additional 5,374,277 shares during the period. Finally, Norges Bank bought a new stake in Sempra Energy during the 2nd quarter worth approximately $701,649,000. Institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SRE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. UBS Group reaffirmed an “outperform” rating and set a $100.00 target price on shares of Sempra Energy in a research report on Thursday, January 22nd. Citigroup reiterated a “neutral” rating and issued a $99.00 price target (up previously from $80.00) on shares of Sempra Energy in a research report on Monday, November 24th. Morgan Stanley reissued an “overweight” rating and issued a $101.00 price target on shares of Sempra Energy in a research note on Friday. Finally, Wells Fargo & Company restated an “overweight” rating and set a $112.00 price objective (down from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.17.

Sempra Energy Stock Up 0.5%

Shares of Sempra Energy stock opened at $93.48 on Monday. The stock’s 50-day moving average is $88.96 and its 200 day moving average is $88.37. Sempra Energy has a one year low of $61.90 and a one year high of $95.74. The firm has a market cap of $61.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 3.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56.

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.