Louisiana State Employees Retirement System Takes Position in Sempra Energy $SRE

Louisiana State Employees Retirement System acquired a new position in Sempra Energy (NYSE:SRE) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 33,300 shares of the utilities provider’s stock, valued at approximately $3,236,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SRE. Mesirow Financial Investment Management Inc. lifted its stake in Sempra Energy by 1.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 8,587 shares of the utilities provider’s stock valued at $773,000 after purchasing an additional 115 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Sempra Energy by 2.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 5,191 shares of the utilities provider’s stock valued at $458,000 after acquiring an additional 116 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Sempra Energy by 0.4% in the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after acquiring an additional 123 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC raised its position in shares of Sempra Energy by 1.4% during the fourth quarter. Silvia Mccoll Wealth Management LLC now owns 9,045 shares of the utilities provider’s stock worth $799,000 after purchasing an additional 124 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SRE shares. Truist Financial set a $104.00 price target on Sempra Energy and gave the stock a “buy” rating in a research note on Monday, May 18th. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Argus upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. Finally, BMO Capital Markets reduced their price objective on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.75.

Sempra Energy Trading Up 0.8%

Sempra Energy stock opened at $94.22 on Friday. The company’s fifty day simple moving average is $91.92 and its 200-day simple moving average is $91.75. 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 has a 12 month low of $73.18 and a 12 month high of $101.04. The stock has a market cap of $61.59 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.27 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.Sempra Energy’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. 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. As a group, sell-side analysts forecast that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.6575 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.8%. Sempra Energy’s dividend payout ratio (DPR) is 89.15%.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Christopher Bird sold 1,128 shares of Sempra Energy stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total transaction of $109,066.32. Following the completion of the sale, the executive vice president owned 21,632 shares of the company’s stock, valued at $2,091,598.08. This trade represents a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,028 shares of company stock valued at $1,370,273 over the last 90 days. 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.