Sompo Japan Nipponkoa Asset Management CO. LTD. Buys Shares of 9,460 Sempra Energy (SRE)

Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in Sempra Energy (NYSE:SRE) during the fourth quarter, HoldingsChannel reports. The fund bought 9,460 shares of the utilities provider’s stock, valued at approximately $1,011,000.

Several other large investors have also added to or reduced their stakes in the company. M&R Capital Management Inc. grew its position in shares of Sempra Energy by 6.0% in the 2nd quarter. M&R Capital Management Inc. now owns 2,665 shares of the utilities provider’s stock worth $308,000 after buying an additional 150 shares during the period. National Planning Corp grew its position in shares of Sempra Energy by 17.3% in the 3rd quarter. National Planning Corp now owns 2,965 shares of the utilities provider’s stock worth $338,000 after buying an additional 438 shares during the period. Private Advisor Group LLC grew its position in shares of Sempra Energy by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,786 shares of the utilities provider’s stock worth $539,000 after buying an additional 457 shares during the period. DnB Asset Management AS grew its position in shares of Sempra Energy by 1.5% in the 4th quarter. DnB Asset Management AS now owns 32,887 shares of the utilities provider’s stock worth $3,516,000 after buying an additional 500 shares during the period. Finally, CAPROCK Group Inc. grew its position in shares of Sempra Energy by 14.5% in the 3rd quarter. CAPROCK Group Inc. now owns 3,965 shares of the utilities provider’s stock worth $456,000 after buying an additional 502 shares during the period. 73.59% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy (SRE) opened at $103.40 on Wednesday. The stock has a market cap of $28,639.83, a PE ratio of 22.93, a P/E/G ratio of 2.13 and a beta of 0.56. Sempra Energy has a one year low of $100.63 and a one year high of $122.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36.

The business also recently announced 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. This represents a $3.29 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, December 28th. Sempra Energy’s dividend payout ratio is currently 72.95%.

SRE has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Bank of America initiated coverage on shares of Sempra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target on the stock. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $117.00 to $129.00 in a research note on Wednesday, October 11th. Finally, Wells Fargo & Co dropped their price target on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $121.89.

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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.

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).

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

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