Compass Wealth Management LLC Invests $536,000 in Sempra Energy $SRE

Compass Wealth Management LLC acquired a new position in Sempra Energy (NYSE:SRE) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 5,962 shares of the utilities provider’s stock, valued at approximately $536,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. King Luther Capital Management Corp purchased a new position in Sempra Energy in the 3rd quarter worth approximately $200,000. MJP Associates Inc. ADV lifted its holdings in shares of Sempra Energy by 3.3% during the 3rd quarter. MJP Associates Inc. ADV now owns 5,871 shares of the utilities provider’s stock worth $528,000 after acquiring an additional 189 shares during the last quarter. Essex Financial Services Inc. purchased a new position in Sempra Energy in the third quarter worth $228,000. Syon Capital LLC increased its stake in Sempra Energy by 48.3% in the third quarter. Syon Capital LLC now owns 5,166 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 1,683 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Sempra Energy by 24.1% in the third quarter. Crestwood Advisors Group LLC now owns 7,628 shares of the utilities provider’s stock valued at $686,000 after acquiring an additional 1,482 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Stock Up 0.5%

Shares of Sempra Energy stock opened at $93.48 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.56 and a current ratio of 1.59. Sempra Energy has a 52-week low of $61.90 and a 52-week high of $95.74. The stock has a market capitalization of $61.01 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 3.51 and a beta of 0.74. The company’s 50 day moving average price is $88.96 and its 200-day moving average price is $88.28.

Analysts Set New Price Targets

SRE has been the subject of a number of research reports. UBS Group reiterated an “outperform” rating and issued a $100.00 price objective on shares of Sempra Energy in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and set a $101.00 price target on shares of Sempra Energy in a research report on Friday. Barclays set a $95.00 price objective on shares of Sempra Energy and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $112.00 target price (down previously from $115.00) on shares of Sempra Energy in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $96.17.

Insiders Place Their Bets

In other Sempra Energy news, CFO Karen L. Sedgwick sold 7,564 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 41,280 shares of the company’s stock, valued at $3,809,731.20. This trade represents a 15.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by 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.