Norges Bank Invests $914.92 Million in Sempra Energy $SRE

Norges Bank purchased a new position in shares of Sempra Energy (NYSE:SRE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,362,712 shares of the utilities provider’s stock, valued at approximately $914,924,000.

Several other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in Sempra Energy during the 4th quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock valued at $32,000 after buying an additional 161 shares during the last quarter. Key Financial Inc grew its holdings in Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in Sempra Energy during the 4th quarter valued at $35,000. Finally, Salomon & Ludwin LLC grew its holdings in Sempra Energy by 88.8% during the 4th quarter. Salomon & Ludwin LLC now owns 406 shares of the utilities provider’s stock valued at $36,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley set a $104.00 target price on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $118.00 target price on shares of Sempra Energy in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Finally, BMO Capital Markets lowered their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.67.

Sempra Energy Trading Down 1.3%

Shares of Sempra Energy stock opened at $88.90 on Friday. Sempra Energy has a fifty-two week low of $73.06 and a fifty-two week high of $101.04. The firm has a market cap of $58.11 billion, a PE ratio of 30.13, a P/E/G ratio of 3.37 and a beta of 0.60. The business’s fifty day moving average is $94.13 and its two-hundred day moving average is $91.90. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.51. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.870-5.370 EPS. Analysts anticipate that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s dividend payout ratio is currently 89.15%.

Insider Activity at Sempra Energy

In other Sempra Energy news, Director Richard J. Mark purchased 2,692 shares of Sempra Energy stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $93.30 per share, with a total value of $251,163.60. Following the purchase, the director directly owned 17,376 shares in the company, valued at $1,621,180.80. This trade represents a 18.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen L. Sedgwick sold 4,872 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $92.58, for a total value of $451,049.76. Following the transaction, the chief financial officer directly owned 39,029 shares in the company, valued at approximately $3,613,304.82. This represents a 11.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 6,192 shares of company stock worth $576,979 and have sold 13,439 shares worth $1,243,713. 0.31% of the stock is owned by company insiders.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.