Robeco Institutional Asset Management B.V. Grows Stake in Sempra Energy (SRE)

Robeco Institutional Asset Management B.V. increased its stake in Sempra Energy (NYSE:SRE) by 103.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,718 shares of the utilities provider’s stock after purchasing an additional 5,972 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sempra Energy were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. MHI Funds LLC acquired a new stake in Sempra Energy during the 4th quarter valued at approximately $130,000. Fieldpoint Private Securities LLC acquired a new stake in Sempra Energy during the 3rd quarter valued at approximately $153,000. Rocky Mountain Advisers LLC acquired a new stake in Sempra Energy during the 3rd quarter valued at approximately $183,000. Zions Bancorporation lifted its stake in Sempra Energy by 281.1% during the 3rd quarter. Zions Bancorporation now owns 1,738 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 1,282 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Sempra Energy by 89.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,812 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 858 shares during the period. Institutional investors own 73.76% of the company’s stock.

Several research firms have recently weighed in on SRE. Bank of America began coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. UBS Group began coverage on shares of Sempra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $124.00 target price for the company. Wells Fargo & Co reaffirmed a “buy” rating and set a $121.00 target price (down from $130.00) on shares of Sempra Energy in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Sempra Energy has a consensus rating of “Hold” and a consensus target price of $121.89.

Shares of Sempra Energy (NYSE SRE) traded down $1.53 during midday trading on Wednesday, reaching $105.28. 386,951 shares of the company traded hands, compared to its average volume of 3,069,767. The stock has a market cap of $27,173.47, a price-to-earnings ratio of 23.68, a PEG ratio of 2.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. Sempra Energy has a 12 month low of $100.63 and a 12 month high of $122.97.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, December 28th. Sempra Energy’s payout ratio is presently 72.95%.

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Sempra Energy Company 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)

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