Swiss Life Asset Management Ltd Has $8.53 Million Position in Sempra Energy $SRE

Swiss Life Asset Management Ltd grew its holdings in Sempra Energy (NYSE:SRE) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,563 shares of the utilities provider’s stock after purchasing an additional 8,322 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Sempra Energy were worth $8,526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SRE. Vanguard Group Inc. boosted its stake in Sempra Energy by 14.2% in the third quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider’s stock worth $6,813,784,000 after purchasing an additional 9,396,652 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sempra Energy by 106.3% in the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock worth $938,325,000 after purchasing an additional 5,374,277 shares in the last quarter. Capital International Investors boosted its stake in Sempra Energy by 9.2% in 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 in the last quarter. Invesco Ltd. boosted its stake in Sempra Energy by 40.1% in the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock worth $937,512,000 after purchasing an additional 2,984,409 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Sempra Energy by 20,627.9% in the third quarter. Bessemer Group Inc. now owns 1,898,675 shares of the utilities provider’s stock worth $170,842,000 after purchasing an additional 1,889,515 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SRE. Morgan Stanley set a $104.00 price objective on Sempra Energy and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a research note on Tuesday, April 21st. UBS Group reissued a “neutral” rating and issued a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Finally, BMO Capital Markets dropped their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $103.00.

Sempra Energy Trading Up 0.6%

SRE stock opened at $93.37 on Wednesday. The company has a market cap of $61.04 billion, a P/E ratio of 31.65, a PEG ratio of 3.50 and a beta of 0.60. Sempra Energy has a twelve month low of $73.06 and a twelve month high of $101.04. 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 business has a fifty day moving average of $94.94 and a 200-day moving average of $92.01.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.51. The company had revenue of $3.66 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 firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company 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, equities research analysts expect that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, March 19th were issued a $0.6575 dividend. This is a boost from Sempra Energy’s previous quarterly dividend of $0.65. This represents a $2.63 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, March 19th. Sempra Energy’s dividend payout ratio is currently 89.15%.

Insiders Place Their Bets

In related news, Director Jennifer M. Kirk acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $93.44 per share, for a total transaction of $93,440.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at $93,440. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard J. Mark acquired 2,692 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $93.30 per share, with a total value of $251,163.60. Following the acquisition, the director directly owned 17,376 shares of the company’s stock, valued at $1,621,180.80. The trade was a 18.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 6,192 shares of company stock valued at $576,979 and have sold 7,539 shares valued at $706,906. Company insiders own 0.31% of the company’s stock.

About Sempra Energy

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.