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Sempra Energy $SRE Stake Lessened by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. reduced its stake in Sempra Energy (NYSE:SRE) by 5.6% in the third quarter, selling 84,685 shares and now owning 1,430,820 shares worth approximately $128.7 million. Despite this reduction, other large institutional investors like Norges Bank and Vanguard Group Inc. either hold significant positions or increased their holdings, with institutional ownership standing at 89.65%. Insider selling also occurred, with two executives disposing of 15,074 shares worth about $1.39 million in the last 90 days.