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Comparing Institutional Investors’ Positions in Sempra Energy

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Dec. 4 2020, Updated 10:53 a.m. ET

Sempra Energy

Sempra Energy (SRE) became California’s biggest utility by market capitalization after PG&E’s (PCG) epic fall last month. The Vanguard Group, which holds 7.2% of Sempra Energy’s outstanding shares, added 0.34 million shares in 3Q17. At the end of September 30, 2017, Vanguard held 18.1 million Sempra Energy shares.

According to a recent report, BlackRock Institutional Trust held more than 5.8% (14.6 million) Sempra Energy shares. California-based private equity group Capital International Investors raised its stake in Sempra by adding approximately 1.5 million shares. With this addition, it became the fourth-largest institutional investor in Sempra, surpassing Evercore Trust. Evercore holds nearly 4% of Sempra Energy’s total outstanding shares.

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Analysts’ views

Analysts have given Sempra Energy a mean price target of $124.66, against its current market price of $122.23, which indicates a possible gain of 2%. Among the 11 analysts tracking Sempra, five recommend “strong buy,” three recommend “buy,” and three recommend “hold.” There were no “sell” recommendations as of November 15, 2017.

Sempra Energy stock has risen more than 22% so far this year. On average, Sempra is already growing at a faster pace than the industry, and its ongoing acquisition of Oncor is expected to boost its earnings significantly in the coming quarters.

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