Barings LLC cut its stake in Sempra Energy (NYSE:SRE) by 85.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,193 shares of the utilities provider’s stock after selling 29,500 shares during the quarter. Barings LLC’s holdings in Sempra Energy were worth $555,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of SRE. National Planning Corp lifted its position in shares of Sempra Energy by 17.3% during the third quarter. National Planning Corp now owns 2,965 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 438 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Sempra Energy by 10.6% during the third quarter. Private Advisor Group LLC now owns 4,786 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 457 shares during the period. DnB Asset Management AS lifted its holdings in shares of Sempra Energy by 1.5% during the fourth quarter. DnB Asset Management AS now owns 32,887 shares of the utilities provider’s stock worth $3,516,000 after purchasing an additional 500 shares during the period. CAPROCK Group Inc. lifted its holdings in shares of Sempra Energy by 14.5% during the third quarter. CAPROCK Group Inc. now owns 3,965 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 502 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Sempra Energy by 2.3% during the third quarter. CIBC Asset Management Inc now owns 22,800 shares of the utilities provider’s stock worth $2,602,000 after purchasing an additional 507 shares during the period. Institutional investors own 79.58% of the company’s stock.
A number of research firms recently commented on SRE. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. JPMorgan Chase & Co. lifted their target price on Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Bank of America downgraded Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a report on Thursday, December 28th. UBS Group began coverage on Sempra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $124.00 target price for the company. Finally, Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Sempra Energy presently has an average rating of “Hold” and an average target price of $121.89.
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About Sempra Energy
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.
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