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Jennison Associates boosted its Sempra Energy stake, but the company's Q4 earnings missed expectations.
Jennison Associates increased its stake in Sempra Energy by 8.5%, acquiring 156,666 shares, bringing its total to 1,997,542 shares.
Sempra reported Q4 earnings of $0.89 per share, falling short of the expected $1.05.
Institutional investors collectively own 89.65% of the company's stock.
Analysts have given mixed ratings, with several setting "buy" and "overweight" ratings, while one analyst rated it a "sell."
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Jennison Associates aumentó su participación en Sempra Energy, pero las ganancias del cuarto trimestre de la compañía no cumplieron con las expectativas.