HighTower Advisors LLC Purchases Shares of 1,283,524 Sempra Energy $SRE

HighTower Advisors LLC recently purchased over 1.28 million shares of Sempra Energy, valued at approximately $119 million, establishing a new position and holding about 0.20% of the company. Institutional investors collectively own 89.65% of Sempra's stock, which has a "Moderate Buy" consensus rating and an average price target of $102. Sempra also reported stronger-than-expected quarterly earnings and declared a quarterly dividend of $0.6575.