8,868 Shares in Sempra Energy (NYSE:SRE) Purchased by Dean Capital Investments Management LLC

Dean Capital Investments Management LLC acquired a new stake in Sempra Energy (NYSE:SRE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,868 shares of the utilities provider’s stock, valued at approximately $948,000.

Several other hedge funds have also added to or reduced their stakes in SRE. Chartist Inc. CA raised its position in shares of Sempra Energy by 0.4% in the second quarter. Chartist Inc. CA now owns 2,885 shares of the utilities provider’s stock valued at $325,000 after buying an additional 11 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Sempra Energy by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 4,549 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 44 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Sempra Energy by 1.6% during the second quarter. Peapack Gladstone Financial Corp now owns 4,080 shares of the utilities provider’s stock worth $460,000 after buying an additional 65 shares during the period. Laurel Wealth Advisors Inc. boosted its stake in Sempra Energy by 0.5% during the second quarter. Laurel Wealth Advisors Inc. now owns 14,125 shares of the utilities provider’s stock worth $1,592,000 after buying an additional 70 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Sempra Energy by 0.9% in the second quarter. Nordea Investment Management AB now owns 10,608 shares of the utilities provider’s stock valued at $1,196,000 after purchasing an additional 90 shares during the period. 73.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sempra Energy (SRE) traded up $1.58 during mid-day trading on Thursday, reaching $107.05. The company had a trading volume of 440,567 shares, compared to its average volume of 3,020,559. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97. The company has a market capitalization of $27,221.89, a PE ratio of 23.44, a P/E/G ratio of 2.18 and a beta of 0.56.

SRE has been the topic of several analyst reports. Bank of America initiated coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. UBS Group assumed coverage on shares of Sempra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price for the company. Wells Fargo & Co reiterated a “buy” rating and set a $121.00 target price (down previously from $130.00) on shares of Sempra Energy in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $121.89.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://weekherald.com/2018/02/15/dean-capital-investments-management-llc-takes-948000-position-in-sempra-energy-sre.html.

Sempra Energy Profile

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply