Gabelli Funds LLC Has $7.51 Million Stock Holdings in Sempra Energy $SRE

Gabelli Funds LLC reduced its stake in Sempra Energy (NYSE:SRE) by 7.9% in the 1st quarter, HoldingsChannel reports. The firm owned 77,249 shares of the utilities provider’s stock after selling 6,630 shares during the quarter. Gabelli Funds LLC’s holdings in Sempra Energy were worth $7,506,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bell Investment Advisors Inc boosted its position in shares of Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 116 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in Sempra Energy in the 4th quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd increased its position in Sempra Energy by 57.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after buying an additional 127 shares in the last quarter. Key Financial Inc raised its stake in Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock worth $32,000 after buying an additional 153 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Diana L. Day sold 3,300 shares of the stock in a transaction on 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 sale, the insider directly owned 22,870 shares of the company’s stock, valued at approximately $2,107,013.10. This represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 13,900 shares of company stock worth $1,261,207. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on SRE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Truist Financial set a $104.00 price objective on Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. TD Cowen initiated coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating on the stock. Jefferies Financial Group set a $101.00 target price on Sempra Energy in a report on Thursday, July 16th. Finally, BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. One investment 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. Based on data from MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and an average price target of $104.23.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $91.20 on Tuesday. The stock has a market cap of $59.62 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 2.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The firm’s 50-day simple moving average is $91.95 and its 200 day simple moving average is $92.47.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data 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 analyst estimates of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

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

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.