Sempra Energy (NYSE:SRE) Stake Increased by Ledyard National Bank

Ledyard National Bank lifted its position in shares of Sempra Energy (NYSE:SRE) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,670 shares of the utilities provider’s stock after purchasing an additional 1,080 shares during the quarter. Ledyard National Bank’s holdings in Sempra Energy were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CAPROCK Group Inc. increased its position in Sempra Energy by 12.5% during the fourth quarter. CAPROCK Group Inc. now owns 7,504 shares of the utilities provider’s stock valued at $818,000 after acquiring an additional 834 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Sempra Energy by 5.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 112,825 shares of the utilities provider’s stock valued at $12,103,000 after acquiring an additional 5,547 shares during the last quarter. Reilly Financial Advisors LLC increased its position in Sempra Energy by 14.7% during the fourth quarter. Reilly Financial Advisors LLC now owns 6,749 shares of the utilities provider’s stock valued at $730,000 after acquiring an additional 866 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Sempra Energy during the fourth quarter valued at $1,144,000. Finally, Ninepoint Partners LP purchased a new stake in Sempra Energy during the fourth quarter valued at $264,000. Institutional investors own 94.33% of the company’s stock.

NYSE:SRE opened at $114.24 on Thursday. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $127.22. The stock has a market cap of $32.27 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.39 and a beta of 0.51. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.59 and a quick ratio of 0.55.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Friday, December 28th. Sempra Energy’s payout ratio is presently 66.05%.

In other news, VP Peter R. Wall sold 1,049 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $112.26, for a total value of $117,760.74. Following the completion of the sale, the vice president now directly owns 2,815 shares of the company’s stock, valued at approximately $316,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph A. Householder sold 11,600 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $115.14, for a total value of $1,335,624.00. Following the completion of the sale, the insider now directly owns 95,527 shares of the company’s stock, valued at $10,998,978.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,649 shares of company stock valued at $1,988,835. 0.16% of the stock is owned by corporate insiders.

SRE has been the subject of a number of research reports. Zacks Investment Research upgraded Sempra Energy from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Thursday, December 13th. Guggenheim restated a “buy” rating and issued a $133.00 price target on shares of Sempra Energy in a research report on Monday, January 7th. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a research report on Wednesday, November 7th. ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, December 5th. Finally, Wells Fargo & Co upped their price target on Sempra Energy from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sempra Energy presently has a consensus rating of “Buy” and an average price target of $125.14.

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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 engages in the generation, transmission, and distribution of electricity.

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

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