Miller Howard Investments Inc. NY raised its stake in Sempra Energy (NYSE:SRE – Free Report) by 7.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 172,212 shares of the utilities provider’s stock after acquiring an additional 12,615 shares during the period. Miller Howard Investments Inc. NY’s holdings in Sempra Energy were worth $16,734,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SRE. Norges Bank bought a new stake in shares of Sempra Energy during the 4th quarter worth $914,924,000. Capital International Investors raised its position in shares of Sempra Energy by 9.2% during the third quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock worth $4,865,115,000 after purchasing an additional 4,572,312 shares during the period. Morgan Stanley lifted its holdings 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 valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Sempra Energy by 40.1% during the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock valued at $937,512,000 after purchasing an additional 2,984,409 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Sempra Energy by 246.4% in the 4th quarter. National Pension Service now owns 2,826,999 shares of the utilities provider’s stock valued at $249,596,000 after purchasing an additional 2,010,853 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on SRE shares. UBS Group reissued a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Morgan Stanley set a $104.00 target price on shares of Sempra Energy and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. Barclays restated an “overweight” rating and set a $105.00 price target (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.67.
Sempra Energy Stock Performance
Shares of SRE stock opened at $92.16 on Wednesday. The company has a market capitalization of $60.25 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.21 and a beta of 0.56. Sempra Energy has a 1-year low of $73.18 and a 1-year high of $101.04. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $92.06 and its 200-day simple moving average is $91.69.
Sempra Energy (NYSE:SRE – Get Free Report) 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 firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. 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 earnings per share for the current fiscal year.
Sempra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be issued a $0.6575 dividend. The ex-dividend date is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. Sempra Energy’s dividend payout ratio is currently 89.15%.
Insider Activity at Sempra Energy
In related news, Director Pablo Ferrero sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $89.53, for a total transaction of $232,778.00. Following the transaction, the director directly owned 15,423 shares of the company’s stock, 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 is accessible through the SEC website. Also, insider Diana L. Day sold 3,300 shares of the company’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 transaction of $304,029.00. Following the completion of the transaction, the insider owned 22,870 shares in the company, valued at approximately $2,107,013.10. This represents a 12.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,028 shares of company stock valued at $1,370,273 over the last ninety days. 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.
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