Amundi Pioneer Asset Management Inc. lifted its stake in Sempra Energy (NYSE:SRE) by 29.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,404 shares of the utilities provider’s stock after acquiring an additional 37,457 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.06% of Sempra Energy worth $18,396,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Mariner LLC lifted its holdings in shares of Sempra Energy by 51.1% in the first quarter. Mariner LLC now owns 3,958 shares of the utilities provider’s stock worth $440,000 after buying an additional 1,338 shares in the last quarter. LPL Financial LLC increased its position in Sempra Energy by 21.3% during the first quarter. LPL Financial LLC now owns 23,914 shares of the utilities provider’s stock valued at $2,660,000 after acquiring an additional 4,198 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Sempra Energy by 3,379.5% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 50,000 shares of the utilities provider’s stock valued at $5,119,000 after acquiring an additional 48,563 shares during the last quarter. United Capital Financial Advisers LLC increased its position in Sempra Energy by 70.5% during the first quarter. United Capital Financial Advisers LLC now owns 13,373 shares of the utilities provider’s stock valued at $1,487,000 after acquiring an additional 5,531 shares during the last quarter. Finally, Shelter Harbor Advisors LP bought a new position in Sempra Energy during the first quarter valued at $13,903,000. Hedge funds and other institutional investors own 90.10% of the company’s stock.
NYSE SRE opened at $116.11 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.34 and a current ratio of 0.37. The firm has a market cap of $30.40 billion, a PE ratio of 22.53, a P/E/G ratio of 2.42 and a beta of 0.47. Sempra Energy has a 52 week low of $100.49 and a 52 week high of $122.97.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Monday, July 2nd will be given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, June 29th. Sempra Energy’s dividend payout ratio is presently 66.05%.
SRE has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Wells Fargo & Co lowered shares of Sempra Energy from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $118.00 to $123.00 in a research note on Tuesday, June 12th. ValuEngine lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $104.00 price target (down from $112.00) on shares of Sempra Energy in a research report on Tuesday, March 6th. Finally, Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $121.50.
In other news, Director William G. Ouchi sold 1,918 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $104.80, for a total value of $201,006.40. Following the transaction, the director now owns 14,954 shares of the company’s stock, valued at $1,567,179.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Debra L. Reed sold 49,909 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $110.37, for a total value of $5,508,456.33. Following the transaction, the chairman now directly owns 177,227 shares in the company, valued at approximately $19,560,543.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,775 shares of company stock valued at $6,142,993. Corporate insiders own 0.17% of the company’s stock.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.
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