ANTIPODES PARTNERS Ltd Takes Position in Sempra Energy $SRE

ANTIPODES PARTNERS Ltd bought a new stake in shares of Sempra Energy (NYSE:SRE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,677,951 shares of the utilities provider’s stock, valued at approximately $150,993,000. Sempra Energy makes up approximately 3.4% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 8th biggest position.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Sempra Energy by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock worth $7,678,000 after purchasing an additional 13,864 shares in the last quarter. Westerkirk Capital Inc. purchased a new position in Sempra Energy in the second quarter worth about $3,091,000. Amundi lifted its stake 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 worth $142,429,000 after buying an additional 327,154 shares in the last quarter. North Star Asset Management Inc. purchased a new stake in shares of Sempra Energy during the second quarter valued at approximately $212,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Sempra Energy by 32.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 74,620 shares of the utilities provider’s stock valued at $6,714,000 after acquiring an additional 18,359 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Performance

NYSE SRE opened at $93.48 on Friday. The business has a 50-day moving average price of $88.96 and a 200-day moving average price of $88.28. The firm has a market cap of $61.01 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 3.51 and a beta of 0.74. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SRE shares. Morgan Stanley reiterated an “overweight” rating and issued a $101.00 price objective on shares of Sempra Energy in a report on Friday. Wells Fargo & Company reiterated an “overweight” rating and issued a $112.00 price target (down from $115.00) on shares of Sempra Energy in a research note on Tuesday, January 20th. Barclays set a $95.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. UBS Group reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Sempra Energy in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $96.17.

Insider Transactions at Sempra Energy

In other news, CFO Karen L. Sedgwick sold 7,564 shares of Sempra Energy stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $92.29, for a total transaction of $698,081.56. Following the sale, the chief financial officer owned 41,280 shares in the company, 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 at the SEC website. 0.27% of the stock is currently owned by company insiders.

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.