TCW Group Inc. Reduces Position in Sempra Energy (SRE)

TCW Group Inc. cut its position in shares of Sempra Energy (NYSE:SRE) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,450 shares of the company’s stock after selling 65 shares during the period. TCW Group Inc.’s holdings in Sempra Energy were worth $1,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Sempra Energy by 2.6% in the fourth quarter. State Street Corp now owns 14,126,943 shares of the company’s stock valued at $1,423,130,000 after buying an additional 359,647 shares during the period. Capital Research Global Investors raised its stake in Sempra Energy by 0.4% in the third quarter. Capital Research Global Investors now owns 11,080,864 shares of the company’s stock valued at $1,187,758,000 after buying an additional 46,441 shares during the period. BlackRock Fund Advisors raised its stake 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. Capital International Investors raised its stake in Sempra Energy by 11.7% in the third quarter. Capital International Investors now owns 7,382,367 shares of the company’s stock valued at $791,316,000 after buying an additional 774,193 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Sempra Energy by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,507,233 shares of the company’s stock valued at $697,510,000 after buying an additional 250,591 shares during the period. 79.34% of the stock is currently owned by institutional investors and hedge funds.

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

Sempra Energy (NYSE:SRE) traded down 0.82% during mid-day trading on Friday, reaching $105.03. The company had a trading volume of 203,992 shares. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $114.66. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 19.49 and a beta of 0.47. The firm’s 50 day moving average price is $102.58 and its 200-day moving average price is $103.64.

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Several research firms recently commented on SRE. 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. Barclays PLC raised their target price on Sempra Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Finally, Guggenheim reaffirmed a “buy” rating and set a $121.00 target price on shares of Sempra Energy in a report on Monday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Sempra Energy currently has an average rating of “Buy” and a consensus target price of $113.62.

In other Sempra Energy news, insider Steven D. Davis sold 2,233 shares of Sempra Energy stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $105.00, for a total transaction of $234,465.00. Following the completion of the sale, the insider now directly owns 20,567 shares of the company’s stock, valued at approximately $2,159,535. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan L. Boeckmann purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, November 29th. The shares were acquired at an average cost of $101.52 per share, with a total value of $609,120.00. Following the completion of the acquisition, the director now directly owns 5,102 shares in the company, valued at $517,955.04. The disclosure for this purchase can be found here. Insiders have sold a total of 80,258 shares of company stock valued at $8,241,773 over the last ninety days. 0.16% of the stock is owned by company insiders.

Sempra Energy Company Profile

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.

5 Day Chart for NYSE:SRE

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).

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