Sempra Energy $SRE Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA decreased its position in Sempra Energy (NYSE:SRE) by 16.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 397,933 shares of the utilities provider’s stock after selling 77,518 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Sempra Energy were worth $35,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Westerkirk Capital Inc. acquired a new position in Sempra Energy during the 2nd quarter valued at about $3,091,000. Amundi boosted its holdings in shares of Sempra Energy by 20.8% in the second quarter. Amundi now owns 1,903,624 shares of the utilities provider’s stock valued at $142,429,000 after acquiring an additional 327,154 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Sempra Energy by 19.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock valued at $7,678,000 after acquiring an additional 13,864 shares in the last quarter. North Star Asset Management Inc. acquired a new position in shares of Sempra Energy during the second quarter valued at approximately $212,000. Finally, Hudson Bay Capital Management LP bought a new stake in Sempra Energy during the second quarter worth approximately $17,292,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SRE. Citigroup reaffirmed 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. Wells Fargo & Company restated an “overweight” rating and issued a $112.00 price objective (down previously from $115.00) on shares of Sempra Energy in a report on Tuesday, January 20th. BTIG Research raised Sempra Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, UBS Group reiterated an “outperform” rating and issued a $100.00 price target on shares of Sempra Energy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.83.

Sempra Energy Trading Up 0.2%

NYSE:SRE opened at $87.54 on Tuesday. 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 1-year low of $61.90 and a 1-year high of $95.72. The firm has a market capitalization of $57.14 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74. The stock has a fifty day simple moving average of $88.37 and a 200 day simple moving average of $87.66.

Insider Buying and Selling at Sempra Energy

In related news, CFO Karen L. Sedgwick sold 7,564 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $92.29, for a total value of $698,081.56. Following the completion of the sale, the chief financial officer owned 41,280 shares in the company, valued at approximately $3,809,731.20. This represents a 15.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dyan Z. Wold sold 1,510 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $91.38, for a total transaction of $137,983.80. Following the completion of the transaction, the chief accounting officer directly owned 3,481 shares of the company’s stock, valued at $318,093.78. This represents a 30.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders 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 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.