Royal Bank of Canada Increases Stock Holdings in Sempra Energy $SRE

Royal Bank of Canada increased its position in Sempra Energy (NYSE:SREFree Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,522,855 shares of the utilities provider’s stock after acquiring an additional 79,147 shares during the quarter. Royal Bank of Canada’s holdings in Sempra Energy were worth $147,974,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Sempra Energy by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock worth $142,702,000 after purchasing an additional 74,749 shares during the period. Dockside LLC bought a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $3,938,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $3,289,000. Carnegie Investment Counsel lifted its holdings in shares of Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock worth $16,265,000 after buying an additional 22,408 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sempra Energy by 1.3% in 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. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Trading Up 0.8%

Shares of SRE stock opened at $89.55 on Friday. The company has a market cap of $58.54 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.13 and a beta of 0.56. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The stock’s 50 day simple moving average is $91.85 and its two-hundred day simple moving average is $92.51. 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 (NYSE:SREGet Free Report) last announced its earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, hitting analysts’ consensus estimates of $1.51. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous 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. Research analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th were issued a $0.6575 dividend. This represents a $2.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 25th. Sempra Energy’s dividend payout ratio (DPR) is 89.15%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $108.00 price target on shares of Sempra Energy in a research note on Wednesday, July 22nd. Truist Financial set a $104.00 price objective on Sempra Energy and gave the company a “buy” rating in a research report on Monday, May 18th. Barclays decreased their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.23.

View Our Latest Research Report on Sempra Energy

Insider Buying and Selling

In related news, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction dated 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 directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the sale, the insider directly owned 22,870 shares in the company, valued at $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 13,900 shares of company stock valued at $1,261,207. Company insiders own 0.31% of the company’s stock.

About Sempra Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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