Sempra Energy $SRE Stock Position Raised by Magellan Asset Management Ltd

Magellan Asset Management Ltd increased its position in shares of Sempra Energy (NYSE:SRE) by 4.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,258,369 shares of the utilities provider’s stock after acquiring an additional 91,519 shares during the period. Sempra Energy accounts for about 2.8% of Magellan Asset Management Ltd’s holdings, making the stock its 9th largest position. Magellan Asset Management Ltd’s holdings in Sempra Energy were worth $219,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Sempra Energy by 52.5% during 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 in the last quarter. Woodline Partners LP increased its stake 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. increased its stake 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 buying an additional 858 shares during the period. Cary Street Partners Financial LLC lifted 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 buying an additional 339 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Sempra Energy by 80.0% during the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after buying an additional 188,131 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SRE. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research report on Thursday, July 16th. Barclays reduced their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. TD Cowen started coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Finally, BMO Capital Markets lowered their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.08.

Insider Activity at Sempra Energy

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of Sempra Energy 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 of the company’s stock, valued at $2,107,013.10. The trade was a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the director directly owned 15,423 shares of the company’s stock, valued at approximately $1,380,821.19. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,900 shares of company stock valued at $1,261,207 over the last quarter. 0.31% of the stock is owned by insiders.

Sempra Energy Stock Down 0.2%

Shares of Sempra Energy stock opened at $90.48 on Wednesday. Sempra Energy has a 52-week low of $78.21 and a 52-week high of $101.04. The company has a 50 day moving average of $91.84 and a 200 day moving average of $92.35. 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 market capitalization of $59.15 billion, a P/E ratio of 30.67, a P/E/G ratio of 2.18 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the firm posted $1.44 EPS. The company’s quarterly 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, research analysts forecast that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were paid a dividend of $0.6575 per share. The ex-dividend date was Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. Sempra Energy’s payout ratio is presently 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.