BNP Paribas Financial Markets Has $94.90 Million Stock Position in Sempra Energy $SRE

BNP Paribas Financial Markets reduced its position in Sempra Energy (NYSE:SRE) by 19.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,074,828 shares of the utilities provider’s stock after selling 252,891 shares during the period. BNP Paribas Financial Markets’ holdings in Sempra Energy were worth $94,897,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SRE. Empowered Funds LLC lifted its stake in Sempra Energy by 52.5% in the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after purchasing an additional 6,196 shares during the last quarter. Woodline Partners LP lifted its position in Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after acquiring an additional 15,474 shares during the last quarter. Baird Financial Group Inc. lifted its position in Sempra Energy by 6.2% during the second 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 lifted its position in Sempra Energy by 78.5% during the second 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. lifted its position in Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after acquiring an additional 188,131 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley set a $104.00 price objective on shares of Sempra Energy and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Truist Financial set a $104.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. One research 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.67.

Insiders Place Their Bets

In related news, Director Pablo Ferrero sold 2,600 shares of Sempra Energy stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $89.53, for a total value of $232,778.00. Following the transaction, the director directly owned 15,423 shares of the company’s stock, valued at $1,380,821.19. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cynthia J. Warner acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the purchase, the director directly owned 11,275 shares of the company’s stock, valued at $1,048,011.25. The trade was a 28.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 6,192 shares of company stock valued at $576,979 and sold 13,439 shares valued at $1,243,713. 0.31% of the stock is owned by insiders.

Sempra Energy Stock Performance

Shares of NYSE:SRE opened at $87.27 on Tuesday. The company’s 50 day simple moving average is $93.97 and its 200 day simple moving average is $91.85. The stock has a market capitalization of $57.05 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 3.37 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. Sempra Energy has a 1 year low of $73.06 and a 1 year high of $101.04.

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, meeting analysts’ consensus estimates of $1.51. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $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, research analysts predict that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s dividend payout ratio (DPR) is 89.15%.

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.