Bp Plc grew its stake in shares of Sempra Energy (NYSE:SRE) by 60.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 53,000 shares of the utilities provider’s stock after acquiring an additional 20,000 shares during the period. Bp Plc’s holdings in Sempra Energy were worth $5,734,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Sempra Energy by 10,582.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 3,070,305 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in shares of Sempra Energy during the 4th quarter valued at $30,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Sempra Energy by 166.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 532 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 332 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Sempra Energy during the 4th quarter valued at $65,000. Finally, CWM LLC lifted its position in shares of Sempra Energy by 290.6% during the 4th quarter. CWM LLC now owns 625 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 465 shares during the last quarter. Institutional investors own 94.33% of the company’s stock.
In other Sempra Energy news, Director Lynn Schenk sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $107.09, for a total transaction of $535,450.00. Following the sale, the director now directly owns 11,306 shares of the company’s stock, valued at approximately $1,210,759.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph A. Householder sold 11,600 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $115.14, for a total transaction of $1,335,624.00. Following the sale, the insider now directly owns 95,527 shares in the company, valued at $10,998,978.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,649 shares of company stock worth $1,988,835. Company insiders own 0.16% of the company’s stock.
Shares of NYSE:SRE opened at $114.24 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $127.22. The firm has a market cap of $32.27 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.39 and a beta of 0.51.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Friday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is currently 66.05%.
Several brokerages have issued reports on SRE. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 7th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Thursday, December 13th. Finally, Guggenheim reissued a “buy” rating and set a $133.00 target price on shares of Sempra Energy in a research note on Monday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Buy” and a consensus price target of $125.14.
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Sempra Energy Profile
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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