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

Robeco Institutional Asset Management B.V. raised its position in Sempra Energy (NYSE:SRE) by 40.3% in the 1st quarter, HoldingsChannel reports. The fund owned 56,462 shares of the utilities provider’s stock after acquiring an additional 16,209 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Sempra Energy were worth $7,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SRE. Andesa Financial Management Inc. raised its holdings in shares of Sempra Energy by 93.5% during the first quarter. Andesa Financial Management Inc. now owns 4,016 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,941 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Sempra Energy by 10.0% in the first 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 period. Moors & Cabot Inc. acquired a new position in Sempra Energy during the first quarter worth about $252,000. Eagle Asset Management Inc. boosted its position in Sempra Energy by 5.0% during the first quarter. Eagle Asset Management Inc. now owns 563,308 shares of the utilities provider’s stock worth $70,898,000 after acquiring an additional 26,860 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in Sempra Energy by 965.3% during the first quarter. Kayne Anderson Capital Advisors LP now owns 52,200 shares of the utilities provider’s stock worth $6,568,000 after acquiring an additional 47,300 shares during the last quarter. Institutional investors own 97.19% of the company’s stock.

In other news, VP G Joyce Rowland sold 2,393 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $120.86, for a total value of $289,217.98. Following the completion of the transaction, the vice president now owns 12,461 shares in the company, valued at approximately $1,506,036.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lynn Schenk sold 5,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $644,600.00. Following the completion of the transaction, the director now owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Shares of Sempra Energy stock opened at $129.36 on Thursday. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $130.80. The company has a quick ratio of 0.36, a current ratio of 0.38 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $35.48 billion, a PE ratio of 23.22, a P/E/G ratio of 2.58 and a beta of 0.52.

Sempra Energy (NYSE:SRE) last issued 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. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts expect that Sempra Energy will post 6.01 earnings per share for the current year.

A number of research firms have recently issued reports on SRE. Wells Fargo & Co boosted their price target on shares of Sempra Energy from $128.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Morgan Stanley boosted their price target on shares of Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Argus boosted their price target on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, ValuEngine cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $130.43.

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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.

Further Reading: Asset Allocation and Your Retirement

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

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