Envestnet Asset Management Inc. Has $128.75 Million Stock Position in Sempra Energy $SRE

Envestnet Asset Management Inc. reduced its holdings in Sempra Energy (NYSE:SRE) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,430,820 shares of the utilities provider’s stock after selling 84,685 shares during the period. Envestnet Asset Management Inc.’s holdings in Sempra Energy were worth $128,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Sempra Energy by 3.3% during the 2nd 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 during the last quarter. State Street Corp increased its holdings in shares of Sempra Energy by 3.7% during the 2nd quarter. State Street Corp now owns 34,380,068 shares of the utilities provider’s stock worth $2,626,827,000 after purchasing an additional 1,214,931 shares during the period. Geode Capital Management LLC raised its position in shares of Sempra Energy by 3.9% during the second 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. Norges Bank acquired a new position in shares of Sempra Energy during the second quarter valued at about $701,649,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Sempra Energy by 1.2% in the third 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 buying an additional 60,247 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Price Performance

Shares of SRE stock opened at $87.50 on Friday. The stock’s fifty day simple moving average is $88.45 and its 200 day simple moving average is $87.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56. The firm has a market cap of $57.11 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.31 and a beta of 0.74. Sempra Energy has a one year low of $61.90 and a one year high of $95.72.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data 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 return on equity of 8.67% and a net margin of 15.63%.The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, analysts expect that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on SRE. Citigroup restated a “neutral” rating and set a $99.00 price target (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. BMO Capital Markets boosted their price objective on Sempra Energy from $95.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. BTIG Research upgraded Sempra Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $97.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a report on Monday. One research 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. According to MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $95.83.

Insider Transactions at Sempra Energy

In other Sempra Energy news, CAO Dyan Z. Wold sold 1,510 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total transaction of $137,983.80. Following the sale, the chief accounting officer directly owned 3,481 shares of the company’s stock, valued at approximately $318,093.78. This represents a 30.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Caroline Ann Winn sold 500 shares of Sempra Energy stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $91.70, for a total transaction of $45,850.00. Following the completion of the transaction, the executive vice president owned 33,664 shares of the company’s stock, valued at $3,086,988.80. This trade represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 15,074 shares of company stock valued at $1,385,605. 0.27% of the stock is owned by 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.