Sempra Energy $SRE Stock Position Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in Sempra Energy (NYSE:SRE) by 19.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 55,813 shares of the utilities provider’s stock after selling 13,835 shares during the period. Sterling Capital Management LLC’s holdings in Sempra Energy were worth $5,423,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SRE. Vanguard Group Inc. boosted its holdings in Sempra Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after buying an additional 1,008,476 shares in the last quarter. Capital International Investors boosted its stake in shares of Sempra Energy by 9.2% during the 3rd quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock worth $4,865,115,000 after acquiring an additional 4,572,312 shares in the last quarter. State Street Corp grew its holdings in shares of Sempra Energy by 5.2% in the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares during the last quarter. Morgan Stanley raised its position in shares of Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Sempra Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after purchasing an additional 116,554 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Up 0.8%

NYSE SRE opened at $94.22 on Friday. The stock has a market cap of $61.59 billion, a PE ratio of 31.94, a PEG ratio of 2.27 and a beta of 0.56. The firm has a 50-day simple moving average of $91.92 and a 200 day simple moving average of $91.75. Sempra Energy has a twelve month low of $73.18 and a twelve month high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting the consensus estimate of $1.51. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. Sempra Energy’s quarterly revenue was down 3.9% on a year-over-year basis. 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. On average, research analysts forecast that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 25th. Sempra Energy’s payout ratio is presently 89.15%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a research report on Tuesday, April 21st. UBS Group restated a “neutral” rating and set a $100.00 price target (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Morgan Stanley restated an “overweight” rating and issued a $105.00 price target on shares of Sempra Energy in a research report on Wednesday. Finally, Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.75.

Insider Activity

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pablo Ferrero sold 2,600 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $89.53, for a total transaction of $232,778.00. Following the sale, the director directly owned 15,423 shares of the company’s stock, valued at $1,380,821.19. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,028 shares of company stock worth $1,370,273 over the last three months. Company insiders own 0.31% of the company’s stock.

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.