Meyer Handelman Co. Acquires 334 Shares of Sempra Energy (SRE)

Meyer Handelman Co. increased its holdings in shares of Sempra Energy (NYSE:SRE) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,704 shares of the utilities provider’s stock after buying an additional 334 shares during the quarter. Meyer Handelman Co.’s holdings in Sempra Energy were worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Sempra Energy by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 20,783,386 shares of the utilities provider’s stock worth $2,364,110,000 after purchasing an additional 997,607 shares during the period. Vanguard Group Inc lifted its stake in shares of Sempra Energy by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock worth $2,364,110,000 after acquiring an additional 997,607 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sempra Energy by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,391,551 shares of the utilities provider’s stock worth $272,041,000 after acquiring an additional 35,552 shares during the period. Legal & General Group Plc lifted its stake in shares of Sempra Energy by 5.4% in the 3rd quarter. Legal & General Group Plc now owns 2,313,912 shares of the utilities provider’s stock worth $263,172,000 after acquiring an additional 118,668 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Sempra Energy by 17.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,910,201 shares of the utilities provider’s stock worth $217,285,000 after acquiring an additional 282,220 shares during the period. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Shares of SRE stock traded down $0.58 during mid-day trading on Monday, hitting $117.34. The stock had a trading volume of 59,267 shares, compared to its average volume of 1,553,530. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $127.22. The stock has a market capitalization of $32.27 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.39 and a beta of 0.51.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is 66.05%.

In related news, insider Joseph A. Householder sold 11,600 shares of the firm’s stock in a transaction dated 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 owns 95,527 shares in the company, valued at $10,998,978.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Peter R. Wall sold 1,049 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $112.26, for a total transaction of $117,760.74. Following the completion of the sale, the vice president now owns 2,815 shares of the company’s stock, valued at approximately $316,011.90. The disclosure for this sale can be found here. Insiders sold 17,649 shares of company stock valued at $1,988,835 in the last quarter. Company insiders own 0.16% of the company’s stock.

Several analysts have recently commented on SRE shares. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co raised their target price on shares of Sempra Energy from $129.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research note on Thursday, December 13th. Finally, Guggenheim restated a “buy” rating and issued a $133.00 target price on shares of Sempra Energy in a research note on Monday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $125.43.

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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 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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