Greenland Capital Management LP Has $9.66 Million Holdings in Sempra Energy $SRE

Greenland Capital Management LP raised its holdings in Sempra Energy (NYSE:SRE) by 282.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,400 shares of the utilities provider’s stock after acquiring an additional 79,314 shares during the period. Sempra Energy comprises 1.0% of Greenland Capital Management LP’s holdings, making the stock its 19th biggest holding. Greenland Capital Management LP’s holdings in Sempra Energy were worth $9,664,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Sempra Energy by 14.2% in the 3rd quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider’s stock valued at $6,813,784,000 after purchasing an additional 9,396,652 shares in the last quarter. State Street Corp lifted its stake in Sempra Energy by 3.7% in the 2nd quarter. State Street Corp now owns 34,380,068 shares of the utilities provider’s stock valued at $2,626,827,000 after purchasing an additional 1,214,931 shares during the last quarter. Geode Capital Management LLC boosted its position in Sempra Energy by 3.9% in the second quarter. Geode Capital Management LLC now owns 14,036,572 shares of the utilities provider’s stock valued at $1,058,214,000 after buying an additional 525,750 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sempra Energy by 106.3% during the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock worth $938,325,000 after buying an additional 5,374,277 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Sempra Energy during the second quarter worth $701,649,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Price Performance

Sempra Energy stock opened at $93.55 on Tuesday. The stock’s 50 day moving average is $89.05 and its 200 day moving average is $88.45. Sempra Energy has a one year low of $61.90 and a one year high of $95.74. The firm has a market cap of $61.06 billion, a P/E ratio of 28.70, a P/E/G ratio of 3.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56.

Analyst Ratings Changes

A number of research analysts have recently commented on SRE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Barclays set a $95.00 price objective on Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. UBS Group reiterated an “outperform” rating and set a $100.00 target price on shares of Sempra Energy in a research report on Thursday, January 22nd. Finally, Citigroup restated a “neutral” rating and issued a $99.00 price target (up from $80.00) on shares of Sempra Energy in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.17.

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.