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Tracking Institutional Investment in Sempra Energy in 4Q17

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Sempra Energy: Institutional ownership

Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) steep fall in 4Q17. The Vanguard Group added net 0.25 million shares in Sempra Energy during the fourth quarter of 2017. As of December 31, it held 18.4 million shares, which forms 7.3% of Sempra Energy’s total outstanding shares.

T. Rowe Price Associates became the third-largest institutional investor in Sempra Energy with its notable addition of 10.83 million shares in 4Q17. It held 5.13% or 12.90 million shares of Sempra Energy’s total outstanding shares.

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Newport Trust added more than 10 million shares of Sempra Energy in 4Q17. It held 4% of Sempra Energy’s total outstanding shares as of December 31.

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Analyst price target

According to Wall Street analyst estimates, Sempra Energy stock has a mean price target of $119.3 against its current market price of $107.2, which indicates an upside potential of 11.3%.

Sempra Energy acquired Oncor last year. The transaction is expected to complete in 2Q18. After completing the acquisition, Sempra Energy’s earnings growth is expected to accelerate significantly.

California wildfires terrifically impacted both PG&E Corporation (PCG) and Edison International (EIX) in 4Q17. See How California Wildfire Burnt PG&E and Its Investors.

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