Icon Advisers Inc. Co. lifted its stake in Sempra Energy (NYSE:SRE) by 53.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,000 shares of the utilities provider’s stock after purchasing an additional 29,800 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Sempra Energy were worth $9,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors raised its position 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 worth $1,308,797,000 after purchasing an additional 1,474,282 shares during the last quarter. Parnassus Investments CA raised its position in Sempra Energy by 22.1% in the 4th quarter. Parnassus Investments CA now owns 4,398,413 shares of the utilities provider’s stock worth $470,278,000 after buying an additional 796,352 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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 worth $269,381,000 after buying an additional 161,370 shares during the last quarter. Legal & General Group Plc raised its position in 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 worth $222,716,000 after buying an additional 91,121 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in Sempra Energy by 12.5% in the 3rd quarter. Cohen & Steers Inc. now owns 1,598,021 shares of the utilities provider’s stock worth $182,382,000 after buying an additional 177,247 shares during the last quarter. 73.59% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on SRE. UBS Group began coverage on Sempra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price for the company. Royal Bank of Canada reissued a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. JPMorgan Chase & Co. decreased their target price on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. Bank of America lowered Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research report on Thursday, December 28th. Finally, Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Hold” and a consensus price target of $121.89.
The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a dividend of $0.8225 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.18%. Sempra Energy’s dividend payout ratio is currently 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.
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