Canada Post Corp Registered Pension Plan Has $6.76 Million Position in Sempra Energy $SRE

Canada Post Corp Registered Pension Plan boosted its holdings in Sempra Energy (NYSE:SRE) by 225.9% during the third quarter, Holdings Channel reports. The fund owned 75,410 shares of the utilities provider’s stock after purchasing an additional 52,274 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Sempra Energy were worth $6,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its position in shares of Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after purchasing an additional 6,196 shares during the period. Woodline Partners LP raised its holdings in Sempra Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock valued at $3,819,000 after acquiring an additional 15,474 shares during the period. DAVENPORT & Co LLC bought a new position in Sempra Energy in the 2nd quarter valued at about $1,370,000. Valeo Financial Advisors LLC lifted its position in Sempra Energy by 76.9% during the second quarter. Valeo Financial Advisors LLC now owns 5,510 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Sempra Energy by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the utilities provider’s stock worth $2,606,000 after acquiring an additional 300 shares during the period. 89.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Sempra Energy

In related news, CFO Karen L. Sedgwick sold 7,564 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $92.29, for a total value of $698,081.56. Following the sale, the chief financial officer directly owned 41,280 shares of the company’s stock, valued at $3,809,731.20. This trade represents a 15.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Caroline Ann Winn sold 500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $91.70, for a total value of $45,850.00. Following the transaction, the executive vice president directly owned 33,664 shares of the company’s stock, valued at approximately $3,086,988.80. The trade was a 1.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,074 shares of company stock valued at $1,385,605. 0.27% of the stock is currently owned by corporate insiders.

Sempra Energy Trading Up 1.0%

Shares of Sempra Energy stock opened at $87.50 on Friday. The firm’s 50-day moving average price is $88.45 and its two-hundred day moving average price is $87.50. The company has a market capitalization of $57.11 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.31 and a beta of 0.74. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.72.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.27. Sempra Energy had a net margin of 15.63% and a return on equity of 8.67%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BTIG Research upgraded Sempra Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley set a $97.00 price objective on Sempra Energy and gave the stock an “overweight” rating in a research report on Monday. Barclays set a $95.00 target price on Sempra Energy and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.