JPMorgan Chase & Co. Raises Stock Holdings in Sempra Energy $SRE

JPMorgan Chase & Co. boosted its holdings in Sempra Energy (NYSE:SRE) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,163,523 shares of the utilities provider’s stock after purchasing an additional 1,735,516 shares during the period. JPMorgan Chase & Co.’s holdings in Sempra Energy were worth $1,073,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRE. Empowered Funds LLC boosted its holdings in Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after purchasing an additional 6,196 shares during the last quarter. Woodline Partners LP boosted its holdings in Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock valued at $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 858 shares during the last quarter. Cary Street Partners Financial LLC boosted its holdings in Sempra Energy by 78.5% in the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 339 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Sempra Energy by 80.0% in the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after purchasing an additional 188,131 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of analyst reports. Morgan Stanley set a $104.00 price target on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. UBS Group restated a “neutral” rating and set a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Barclays restated an “overweight” rating and set a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a research note on Wednesday, April 15th. Wall Street Zen cut Sempra Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Monday, April 20th. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

Insider Buying and Selling at Sempra Energy

In other news, insider Diana L. Day sold 3,300 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the sale, the insider directly owned 22,870 shares in the company, valued at approximately $2,107,013.10. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin Christopher Bird sold 1,128 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total value of $109,066.32. Following the sale, the executive vice president owned 21,632 shares in the company, valued at $2,091,598.08. The trade was a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,567 shares of company stock worth $792,663. Corporate insiders own 0.31% of the company’s stock.

Sempra Energy Trading Up 2.0%

Shares of NYSE SRE opened at $90.78 on Wednesday. The stock’s 50 day moving average price is $93.45 and its two-hundred day moving average price is $91.77. Sempra Energy has a 52-week low of $73.06 and a 52-week high of $101.04. The stock has a market capitalization of $59.34 billion, a P/E ratio of 30.77, a PEG ratio of 3.36 and a beta of 0.56. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.51. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Sempra Energy’s revenue for the quarter 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. On average, analysts anticipate that Sempra Energy will post 5.11 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.6575 per share. 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 is presently 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.