Wealthfront Advisers LLC raised its position in shares of Sempra Energy (NYSE:SRE – Free Report) by 19.2% in the first quarter, Holdings Channel.com reports. The fund owned 44,591 shares of the utilities provider’s stock after buying an additional 7,169 shares during the quarter. Wealthfront Advisers LLC’s holdings in Sempra Energy were worth $4,333,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peak Financial Advisors LLC grew its holdings in shares of Sempra Energy by 190.1% during the 4th quarter. Peak Financial Advisors LLC now owns 26,552 shares of the utilities provider’s stock worth $2,344,000 after purchasing an additional 17,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Sempra Energy by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock valued at $142,702,000 after buying an additional 74,749 shares during the period. Tounjian Advisory Partners LLC purchased a new position in Sempra Energy in the fourth quarter valued at approximately $1,375,000. IFP Advisors Inc lifted its position in Sempra Energy by 682.3% during the third quarter. IFP Advisors Inc now owns 19,205 shares of the utilities provider’s stock valued at $1,769,000 after buying an additional 16,750 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in Sempra Energy by 15.0% during the fourth quarter. Dakota Wealth Management now owns 110,614 shares of the utilities provider’s stock valued at $9,771,000 after buying an additional 14,421 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction dated 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 directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pablo Ferrero sold 2,600 shares of Sempra Energy stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $89.53, for a total transaction of $232,778.00. Following the completion of the transaction, the director directly owned 15,423 shares of the company’s stock, valued at $1,380,821.19. This trade represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,900 shares of company stock worth $1,261,207 over the last ninety days. 0.31% of the stock is owned by insiders.
Sempra Energy Price Performance
Sempra Energy (NYSE:SRE – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. The company had revenue of $3.65 billion for 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%.Sempra Energy’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current fiscal year.
Sempra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were paid 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 2.8%. Sempra Energy’s dividend payout ratio (DPR) is 89.15%.
Wall Street Analyst Weigh In
SRE has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $105.00 price objective on shares of Sempra Energy in a research report on Wednesday, June 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. Barclays lowered their price target on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. TD Cowen assumed coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating on the stock. Finally, Wall Street Zen cut Sempra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.08.
Sempra Energy 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.
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