Robeco Institutional Asset Management B.V. Acquires 16,209 Shares of Sempra Energy (SRE)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Sempra Energy (NYSE:SRE) by 40.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,462 shares of the utilities provider’s stock after acquiring an additional 16,209 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sempra Energy were worth $7,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SRE. Andesa Financial Management Inc. boosted its holdings in shares of Sempra Energy by 93.5% during the 1st quarter. Andesa Financial Management Inc. now owns 4,016 shares of the utilities provider’s stock valued at $510,000 after purchasing an additional 1,941 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Sempra Energy by 10.0% during the 1st quarter. Parallel Advisors LLC now owns 4,242 shares of the utilities provider’s stock valued at $534,000 after purchasing an additional 387 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of Sempra Energy during the 1st quarter valued at about $252,000. Eagle Asset Management Inc. boosted its holdings in shares of Sempra Energy by 5.0% during the 1st quarter. Eagle Asset Management Inc. now owns 563,308 shares of the utilities provider’s stock valued at $70,898,000 after purchasing an additional 26,860 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Sempra Energy by 965.3% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 52,200 shares of the utilities provider’s stock valued at $6,568,000 after purchasing an additional 47,300 shares during the last quarter. 97.19% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE SRE opened at $129.36 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.38. The stock has a market cap of $35.48 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.58 and a beta of 0.52. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $130.80.

Sempra Energy (NYSE:SRE) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.23. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. As a group, sell-side analysts expect that Sempra Energy will post 6.01 EPS for the current year.

In related news, Director Lynn Schenk sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $644,600.00. Following the sale, the director now directly owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP G Joyce Rowland sold 2,393 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $120.86, for a total transaction of $289,217.98. Following the completion of the sale, the vice president now directly owns 12,461 shares in the company, valued at $1,506,036.46. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Several research analysts have commented on SRE shares. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Tuesday, February 26th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Argus increased their price objective on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley increased their price objective on shares of Sempra Energy from $132.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Finally, Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $130.43.

TRADEMARK VIOLATION WARNING: “Robeco Institutional Asset Management B.V. Acquires 16,209 Shares of Sempra Energy (SRE)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2019/05/16/robeco-institutional-asset-management-b-v-acquires-16209-shares-of-sempra-energy-sre.html.

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 generates, transmits, and distributes electricity; and supplies natural gas.

Recommended Story: Bond

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

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply