Aggressive’ Bearish Options Activity Seen in Sempra Energy

 Aggressive' Bearish Options Activity Seen in Sempra Energy

In today’s session Sempra Energy (SRE) recorded an unusually high (2,742) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SRE decrease. With 2,742 contracts traded and 2964 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SRE161216P00095000 closed last at: $0.85 or 29.2% down. About 47,066 shares traded hands. Sempra Energy (NYSE:SRE) has declined 2.66% since April 20, 2016 and is downtrending. It has underperformed by 7.21% the S&P500.

Sempra Energy (NYSE:SRE) Ratings Coverage

Out of 2 analysts covering Sempra Energy (NYSE:SRE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $116 is the highest target while $108 is the lowest. The $112.25 average target is 11.96% above today’s ($100.26) stock price. Sempra Energy has been the topic of 4 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Monday, January 25.

According to Zacks Investment Research, “Sempra Energy is an energy services holding company. Through its eight principal subsidiaries — Southern California Gas Company, San Diego Gas & Electric, Sempra Energy Solutions, Sempra Energy Trading, Sempra Energy International, Sempra Energy Resources, Sempra Communications and Sempra Energy Financial — Sempra Energy serves customers in the United States, Europe, Canada, Mexico, South America and Asia. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.10, from 1.05 in 2016Q1. The ratio worsened, as 44 funds sold all Sempra Energy shares owned while 179 reduced positions. 52 funds bought stakes while 183 increased positions. They now own 195.51 million shares or 1.76% less from 199.01 million shares in 2016Q1.
Vantage Advisors Limited holds 183 shares or 0.01% of its portfolio. The New York-based Neuberger Berman Grp Ltd Com has invested 0.06% in Sempra Energy (NYSE:SRE). Coastline accumulated 17,976 shares or 0.41% of the stock. Victory Cap has invested 0.32% of its portfolio in Sempra Energy (NYSE:SRE). Ibm Retirement Fund has 0.14% invested in the company for 32,582 shares. Tiaa Cref Inv Mngmt Limited Com holds 1.94M shares or 0.17% of its portfolio. Signature Est Invest Advsr Limited Liability Co has 0.06% invested in the company for 3,539 shares. The Netherlands-based Ing Groep Nv has invested 0% in Sempra Energy (NYSE:SRE). Mraz Amerine Associates holds 4,777 shares or 0.19% of its portfolio. Sumitomo Mitsui Asset Management Ltd has 0.07% invested in the company for 18,896 shares. Tiedemann holds 76,504 shares or 1.61% of its portfolio. Utd Ser Automobile Association reported 74,888 shares or 0.03% of all its holdings. Edgestream Partners Limited Partnership reported 3,899 shares or 0.6% of all its holdings. Schwab Charles Invest Mngmt Inc holds 0.1% of its portfolio in Sempra Energy (NYSE:SRE) for 687,122 shares. Moreover, Cambridge Tru has 0.02% invested in Sempra Energy (NYSE:SRE) for 1,954 shares.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 3 insider sales for $2.24 million net activity. RUTLEDGE WILLIAM P also sold $536,000 worth of Sempra Energy (NYSE:SRE) on Monday, August 8. $604,721 worth of Sempra Energy (NYSE:SRE) shares were sold by MIHALIK TREVOR I. Another trade for 10,000 shares valued at $1.10 million was made by JONES WILLIAM D /CA/ on Thursday, June 9.

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico divisions, and Sempra U.S. The company has a market cap of $25.14 billion. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas divisions. It has a 18.5 P/E ratio. Sempra Mexico segment owns and operates a natural gas-fired power plant and interests in a wind generation facility in Baja California, Mexico; natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico; natural gas pipelines between the United States border and Baja California, Mexico and Sonora, Mexico, and the Energia Costa Azul LNG regasification terminal located in Baja California, Mexico.

SRE Company Profile

Sempra Energy, incorporated on October 11, 1996, is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico divisions, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas divisions. Sempra Mexico segment owns and operates a natural gas-fired power plant and interests in a wind generation facility in Baja California, Mexico; natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico; natural gas pipelines between the United States border and Baja California, Mexico and Sonora, Mexico, and the Energia Costa Azul LNG regasification terminal located in Baja California, Mexico. Sempra Mexico also owns interests in a joint venture with PEMEX (Petroleos Mexicanos, the Mexican state-owned oil company) that operates several natural gas pipelines and propane and ethane systems in Mexico.

More important recent Sempra Energy (NYSE:SRE) news were published by: Wsj.com which released: “Sempra Energy Profit Soars, but Revenue Misses Expectations” on November 02, 2016, also Fool.com published article titled: “Sempra Energy’s Bad News About Cameron LNG Trumped Decent Earnings Results”, Prnewswire.com published: “Sempra Energy Reports Increased Third-Quarter Earnings” on November 02, 2016. More interesting news about Sempra Energy (NYSE:SRE) was released by: Reuters.com and their article: “Sempra Energy agreed to buy Peru pipeline stake -finance minister” with publication date: November 03, 2016.

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