Gabelli-led investors up stake in Semco Energy to 8.57%

By Lisa Kerner

Charlotte, N.C., March 27 - Semco Energy Inc. investors led by Gabelli Funds LLC and Gamco Asset Management Co. purchased 383,100 shares of the company's stock between March 8 and March 26 priced from $7.56 to $7.69 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 3.041 million shares, or 8.57%, of the Port Huron, Mich., natural gas company's outstanding shares.

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