Carnegie Investment Counsel Boosts Stock Holdings in Sempra Energy $SRE

Carnegie Investment Counsel increased its position in Sempra Energy (NYSE:SRE) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,391 shares of the utilities provider’s stock after acquiring an additional 22,408 shares during the period. Carnegie Investment Counsel’s holdings in Sempra Energy were worth $16,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SRE. Empowered Funds LLC raised 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 worth $1,285,000 after purchasing an additional 6,196 shares during the last quarter. Woodline Partners LP increased its holdings in Sempra Energy by 40.7% in 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 in the last quarter. Baird Financial Group Inc. raised its position in Sempra Energy by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after buying an additional 858 shares during the last quarter. Cary Street Partners Financial LLC raised its position in Sempra Energy by 78.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after buying an additional 339 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Sempra Energy by 80.0% during 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.

Sempra Energy Stock Performance

SRE stock traded down $0.53 during midday trading on Friday, reaching $94.09. 2,409,912 shares of the company’s stock traded hands, compared to its average volume of 4,012,820. Sempra Energy has a 52-week low of $73.84 and a 52-week high of $101.04. The stock has a market cap of $61.50 billion, a P/E ratio of 31.89, a PEG ratio of 2.27 and a beta of 0.56. 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 50-day moving average is $91.94 and its 200 day moving average is $92.14.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the company posted $1.44 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. 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, analysts anticipate that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.8%. Sempra Energy’s payout ratio is 89.15%.

Insider Activity at Sempra Energy

In other Sempra Energy news, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction dated 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 owned 15,423 shares in the company, valued at $1,380,821.19. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 $2,107,013.10. This trade represents a 12.61% decrease in their position. 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. Over the last three months, insiders have sold 13,900 shares of company stock worth $1,261,207. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SRE shares. Barclays dropped their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley restated an “overweight” rating and set a $105.00 price objective on shares of Sempra Energy in a research report on Wednesday, June 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. TD Cowen assumed coverage on shares of Sempra Energy in a research report on Wednesday. They issued a “buy” rating for the company. Finally, Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research note on Monday, May 18th. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.15.

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.