Sempra Energy (SRE) Shares Sold by Edge Asset Management Inc.
Edge Asset Management Inc. cut its position in Sempra Energy (NYSE:SRE) by 6.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 942,020 shares of the company’s stock after selling 69,512 shares during the period. Edge Asset Management Inc. owned about 0.38% of Sempra Energy worth $94,805,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. General Electric Co. boosted its position in Sempra Energy by 829.3% in the second quarter. General Electric Co. now owns 1,222,876 shares of the company’s stock worth $139,432,000 after buying an additional 1,091,284 shares in the last quarter. Capital International Investors boosted its position in Sempra Energy by 11.7% in the third quarter. Capital International Investors now owns 7,382,367 shares of the company’s stock worth $791,316,000 after buying an additional 774,193 shares in the last quarter. Passport Capital LLC boosted its position in Sempra Energy by 177.8% in the second quarter. Passport Capital LLC now owns 965,572 shares of the company’s stock worth $110,095,000 after buying an additional 618,001 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Sempra Energy by 42.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,645,651 shares of the company’s stock worth $187,637,000 after buying an additional 494,260 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Sempra Energy by 6.5% in the second quarter. BlackRock Fund Advisors now owns 7,270,762 shares of the company’s stock worth $829,012,000 after buying an additional 442,955 shares in the last quarter. 79.34% of the stock is currently owned by institutional investors.
Sempra Energy (NYSE:SRE) traded up 1.51% during mid-day trading on Thursday, reaching $105.90. The company’s stock had a trading volume of 662,117 shares. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $114.66. The firm’s 50 day moving average is $102.40 and its 200-day moving average is $103.62. The company has a market cap of $26.52 billion, a PE ratio of 19.65 and a beta of 0.47.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Saturday, December 10th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.42%. The ex-dividend date was Wednesday, December 7th. Sempra Energy’s dividend payout ratio (DPR) is 57.41%.
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SRE has been the topic of a number of research analyst reports. Zacks Investment Research cut Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, January 9th. Guggenheim reissued a “buy” rating and issued a $121.00 price target on shares of Sempra Energy in a report on Monday, November 7th. Finally, Barclays PLC boosted their price target on Sempra Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $113.62.
In related news, insider Steven D. Davis sold 2,233 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $105.00, for a total transaction of $234,465.00. Following the sale, the insider now directly owns 20,567 shares of the company’s stock, valued at $2,159,535. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey W. Martin sold 4,266 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $100.95, for a total value of $430,652.70. Following the sale, the vice president now directly owns 1,266 shares in the company, valued at $127,802.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,258 shares of company stock worth $8,241,773. 0.16% of the stock is owned by corporate insiders.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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