Magellan Asset Management Ltd Sells 71,466 Shares of Sempra Energy $SRE

Magellan Asset Management Ltd decreased its holdings in shares of Sempra Energy (NYSE:SRE) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,166,850 shares of the utilities provider’s stock after selling 71,466 shares during the period. Sempra Energy accounts for 2.3% of Magellan Asset Management Ltd’s portfolio, making the stock its 14th largest position. Magellan Asset Management Ltd’s holdings in Sempra Energy were worth $191,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SRE. Empowered Funds LLC grew its holdings 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 grew its holdings in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 858 shares during the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Sempra Energy by 78.5% in the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 339 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Sempra Energy by 80.0% in the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after purchasing an additional 188,131 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Stock Up 0.9%

Shares of NYSE SRE opened at $90.30 on Friday. 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 has a market capitalization of $59.03 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 3.38 and a beta of 0.56. The stock’s fifty day simple moving average is $93.75 and its two-hundred day simple moving average is $91.80. Sempra Energy has a 12-month low of $73.06 and a 12-month high of $101.04.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.51. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $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, analysts expect that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 25th. Sempra Energy’s dividend payout ratio (DPR) is currently 89.15%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SRE shares. Truist Financial set a $104.00 price objective on Sempra Energy and gave the stock a “buy” rating in a research note on Monday, May 18th. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. 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. Wall Street Zen cut Sempra Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and an average price target of $102.67.

Insiders Place Their Bets

In other news, Director Pablo Ferrero sold 2,600 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $89.53, for a total value of $232,778.00. Following the sale, the director directly owned 15,423 shares in the company, valued at approximately $1,380,821.19. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dyan Z. Wold sold 1,539 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $95.38, for a total transaction of $146,789.82. Following the completion of the sale, the chief accounting officer owned 4,633 shares in the company, valued at $441,895.54. This represents a 24.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 6,192 shares of company stock worth $576,979 and sold 13,439 shares worth $1,243,713. 0.31% of the stock is currently owned by corporate insiders.

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.