Janney Montgomery Scott LLC Has $20.86 Million Position in Sempra Energy $SRE

Janney Montgomery Scott LLC cut its position in Sempra Energy (NYSE:SRE) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,731 shares of the utilities provider’s stock after selling 12,665 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sempra Energy were worth $20,865,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after buying an additional 6,196 shares during the period. Woodline Partners LP boosted its position in Sempra Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after buying an additional 15,474 shares during the period. Baird Financial Group Inc. grew its holdings in Sempra Energy by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 858 shares during the last quarter. Cary Street Partners Financial LLC grew its holdings in Sempra Energy by 78.5% during the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. increased its position in Sempra Energy by 80.0% in the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after acquiring an additional 188,131 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Energy Trading Down 1.3%

SRE opened at $92.69 on Wednesday. Sempra Energy has a twelve month low of $73.18 and a twelve month high of $101.04. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $91.85 and a 200-day moving average of $91.84. The stock has a market cap of $60.59 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.26 and a beta of 0.57.

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

Sempra Energy Dividend Announcement

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

Insider Activity

In other Sempra Energy news, Director Pablo Ferrero sold 2,600 shares of Sempra Energy stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $89.53, for a total value of $232,778.00. Following the completion of the sale, the director directly owned 15,423 shares in the company, valued at approximately $1,380,821.19. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $92.13, for a total value of $304,029.00. Following the completion of the transaction, the insider directly owned 22,870 shares in the company, valued at approximately $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,900 shares of company stock valued at $1,261,207 in the last ninety days. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

SRE has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $105.00 target price on shares of Sempra Energy in a research report on Wednesday, June 24th. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $118.00 price objective on shares of Sempra Energy in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.75.

Sempra Energy 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.