Jennison Associates boosts Sempra Energy stake, despite company missing revenue and EPS targets.

Jennison Associates increased its stake in Sempra Energy by 8.5%, acquiring 156,666 additional shares, totaling 1,997,542 shares. Institutional investors collectively own 89.65% of Sempra. Despite analysts giving mixed ratings, with some setting a "buy" rating and others a "sell," Sempra recently reported an EPS of $0.89, missing estimates by $0.16. The firm's revenue was $2.78 billion, falling short of the $3.54 billion consensus. Sempra's stock offers a 2.99% dividend yield.

2 months ago
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