State of New Jersey Common Pension Fund D Buys 10,101 Shares of Sempra Energy $SRE

State of New Jersey Common Pension Fund D increased its stake in Sempra Energy (NYSE:SRE) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,736 shares of the utilities provider’s stock after purchasing an additional 10,101 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sempra Energy were worth $20,582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRE. Vanguard Group Inc. increased its holdings in Sempra Energy by 3.3% in 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 buying an additional 2,090,840 shares during the period. State Street Corp lifted 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 acquiring an additional 1,214,931 shares during the period. Geode Capital Management LLC boosted its position in shares of Sempra Energy by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 14,036,572 shares of the utilities provider’s stock worth $1,058,214,000 after acquiring an additional 525,750 shares in the last quarter. Norges Bank bought a new position in Sempra Energy in the second quarter valued at approximately $701,649,000. Finally, Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 60,247 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling

In other news, CFO Karen L. Sedgwick sold 7,564 shares of Sempra Energy 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 completion of the sale, the chief financial officer owned 41,280 shares in the company, valued at $3,809,731.20. The trade was a 15.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Dyan Z. Wold sold 1,510 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total transaction of $137,983.80. Following the transaction, the chief accounting officer owned 3,481 shares in the company, valued at $318,093.78. The trade was a 30.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,074 shares of company stock valued at $1,385,605 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the subject of several recent analyst reports. BTIG Research upgraded Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $112.00 price target (down previously from $115.00) on shares of Sempra Energy in a report on Tuesday, January 20th. UBS Group reissued an “outperform” rating and issued a $100.00 price objective on shares of Sempra Energy in a research note on Thursday, January 22nd. Finally, Citigroup reaffirmed 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 investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.83.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $94.79 on Monday. The company has a market capitalization of $61.86 billion, a PE ratio of 29.08, a P/E/G ratio of 2.53 and a beta of 0.74. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74. The firm has a fifty day simple moving average of $88.50 and a 200 day simple moving average of $87.98.

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.