Crow Point Partners LLC bought a new stake in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 219,900 shares of the company’s stock, valued at approximately $23,571,000. Sempra Energy comprises 3.7% of Crow Point Partners LLC’s investment portfolio, making the stock its 8th largest position.
A number of other institutional investors have also bought and sold shares of the stock. California State Teachers Retirement System raised its position in Sempra Energy by 0.7% in the second quarter. California State Teachers Retirement System now owns 544,785 shares of the company’s stock valued at $62,116,000 after buying an additional 3,880 shares during the period. BlackRock Fund Advisors raised its position in Sempra Energy by 5.0% in the third quarter. BlackRock Fund Advisors now owns 7,636,694 shares of the company’s stock valued at $818,577,000 after buying an additional 365,932 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Sempra Energy by 24.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,404 shares of the company’s stock valued at $2,723,000 after buying an additional 5,000 shares during the period. Quantitative Investment Management LLC raised its position in Sempra Energy by 74.3% in the third quarter. Quantitative Investment Management LLC now owns 77,900 shares of the company’s stock valued at $8,350,000 after buying an additional 33,200 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Sempra Energy by 269.8% in the third quarter. Canada Pension Plan Investment Board now owns 39,474 shares of the company’s stock valued at $4,231,000 after buying an additional 28,800 shares during the period. 79.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sempra Energy (NYSE:SRE) opened at 104.35 on Monday. The firm has a market cap of $26.13 billion, a P/E ratio of 19.36 and a beta of 0.47. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $114.66. The stock’s 50 day moving average is $102.14 and its 200 day moving average is $103.83.
The firm also recently announced a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Thursday, December 29th were paid a dividend of $0.755 per share. The ex-dividend date was Tuesday, December 27th. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.38. This represents a $3.02 annualized dividend and a yield of 2.89%. Sempra Energy’s dividend payout ratio is currently 57.41%.
SRE has been the topic of several recent analyst reports. Zacks Investment Research raised Sempra Energy from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Tuesday, November 29th. Guggenheim restated a “buy” rating and issued a $121.00 price objective on shares of Sempra Energy in a research note on Monday, November 7th. Finally, Barclays PLC upped their price objective on shares of Sempra Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Sempra Energy currently has a consensus rating of “Buy” and an average price target of $113.62.
In related news, insider Joseph A. Householder sold 6,472 shares of the stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $102.10, for a total transaction of $660,791.20. Following the completion of the sale, the insider now directly owns 47,425 shares of the company’s stock, valued at $4,842,092.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey W. Martin sold 4,266 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $100.95, for a total transaction of $430,652.70. Following the sale, the vice president now owns 1,266 shares in the company, valued at approximately $127,802.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,025 shares of company stock valued at $8,007,308. Company insiders own 0.16% of the company’s stock.
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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