Dakota Wealth Management Acquires 15,271 Shares of Sempra Energy $SRE

Dakota Wealth Management boosted its holdings in Sempra Energy (NYSE:SRE) by 18.9% in the third quarter, Holdings Channel reports. The institutional investor owned 96,193 shares of the utilities provider’s stock after acquiring an additional 15,271 shares during the quarter. Dakota Wealth Management’s holdings in Sempra Energy were worth $8,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its position in shares of Sempra Energy by 1.9% in the third quarter. Bleakley Financial Group LLC now owns 11,167 shares of the utilities provider’s stock valued at $1,005,000 after purchasing an additional 209 shares in the last quarter. Inspire Trust Co. N.A. boosted its stake in Sempra Energy by 4.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 67,000 shares of the utilities provider’s stock worth $6,029,000 after purchasing an additional 3,000 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its stake in Sempra Energy by 5.7% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 203,402 shares of the utilities provider’s stock worth $18,302,000 after purchasing an additional 11,020 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Sempra Energy during the 3rd quarter valued at about $150,993,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Sempra Energy by 3.6% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,519 shares of the utilities provider’s stock valued at $497,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Performance

NYSE:SRE opened at $93.55 on Tuesday. The company has a market capitalization of $61.06 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 3.53 and a beta of 0.74. The business has a 50 day moving average of $89.05 and a 200 day moving average of $88.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56. Sempra Energy has a 1-year low of $61.90 and a 1-year high of $95.74.

Analysts Set New Price Targets

A number of research firms have recently commented on SRE. UBS Group restated an “outperform” rating and issued a $100.00 price objective on shares of Sempra Energy in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $112.00 price objective (down previously from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. Finally, Citigroup restated a “neutral” rating and set a $99.00 target price (up from $80.00) on shares of Sempra Energy in a research report on Monday, November 24th. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.17.

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.