DNB Asset Management AS Has $22.50 Million Holdings in Sempra Energy $SRE

DNB Asset Management AS boosted its stake in shares of Sempra Energy (NYSE:SRE) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,830 shares of the utilities provider’s stock after purchasing an additional 15,303 shares during the quarter. DNB Asset Management AS’s holdings in Sempra Energy were worth $22,499,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Sempra Energy by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock valued at $7,678,000 after buying an additional 13,864 shares during the period. Peak Financial Advisors LLC increased its holdings in Sempra Energy by 190.1% in the 4th quarter. Peak Financial Advisors LLC now owns 26,552 shares of the utilities provider’s stock valued at $2,344,000 after buying an additional 17,400 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its holdings in Sempra Energy by 5.7% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 203,402 shares of the utilities provider’s stock valued at $18,302,000 after buying an additional 11,020 shares during the period. Duff & Phelps Investment Management Co. increased its holdings in Sempra Energy by 5.2% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,143,205 shares of the utilities provider’s stock valued at $192,846,000 after buying an additional 106,380 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Sempra Energy in the 3rd quarter valued at $150,993,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $92.13, for a total transaction of $304,029.00. Following the sale, the insider owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer M. Kirk acquired 1,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $93.44 per share, for a total transaction of $93,440.00. Following the acquisition, the director owned 1,000 shares in the company, valued at approximately $93,440. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 6,192 shares of company stock worth $576,979 and have sold 10,839 shares worth $1,010,935. Insiders own 0.31% of the company’s stock.

Sempra Energy Stock Down 2.6%

Shares of NYSE:SRE opened at $90.47 on Friday. Sempra Energy has a 12 month low of $73.06 and a 12 month high of $101.04. The company’s 50-day moving average price is $94.71 and its two-hundred day moving average price is $92.00. 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 firm has a market cap of $59.14 billion, a P/E ratio of 30.67, a P/E/G ratio of 3.41 and a beta of 0.60.

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. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue was down 3.9% on a year-over-year basis. 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 5.11 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.6575 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a yield of 2.9%. Sempra Energy’s dividend payout ratio is currently 89.15%.

Analyst Upgrades and Downgrades

SRE has been the topic of several analyst reports. Morgan Stanley set a $104.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. BMO Capital Markets lowered their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Truist Financial set a $108.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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.