Sempra Energy (SRE) Shares Sold by BT Investment Management Ltd

BT Investment Management Ltd trimmed its holdings in shares of Sempra Energy (NYSE:SRE) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 730,402 shares of the utilities provider’s stock after selling 26,431 shares during the period. BT Investment Management Ltd owned 0.27% of Sempra Energy worth $78,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors raised its stake in shares of Sempra Energy by 14.8% in the 3rd quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock valued at $1,308,797,000 after purchasing an additional 1,474,282 shares in the last quarter. Parnassus Investments CA raised its stake in shares of Sempra Energy by 22.1% in the 4th quarter. Parnassus Investments CA now owns 4,398,413 shares of the utilities provider’s stock valued at $470,278,000 after purchasing an additional 796,352 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sempra Energy by 7.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,360,290 shares of the utilities provider’s stock valued at $269,381,000 after purchasing an additional 161,370 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Sempra Energy by 4.9% in the 3rd quarter. Legal & General Group Plc now owns 1,951,414 shares of the utilities provider’s stock valued at $222,716,000 after purchasing an additional 91,121 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in shares of Sempra Energy by 12.5% in the 3rd quarter. Cohen & Steers Inc. now owns 1,598,021 shares of the utilities provider’s stock valued at $182,382,000 after purchasing an additional 177,247 shares in the last quarter. Hedge funds and other institutional investors own 73.76% of the company’s stock.

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

Shares of Sempra Energy (NYSE SRE) opened at $105.45 on Wednesday. Sempra Energy has a 12-month low of $100.63 and a 12-month high of $122.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. The company has a market cap of $27,173.47, a P/E ratio of 23.68, a P/E/G ratio of 2.18 and a beta of 0.56.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a $0.8225 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.29 dividend on an annualized basis and a yield of 3.12%. Sempra Energy’s payout ratio is 72.95%.

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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.

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

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