Cornerstone Planning LLC Invests $924,000 in Sempra Energy $SRE

Cornerstone Planning LLC purchased a new position in shares of Sempra Energy (NYSE:SRE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,413 shares of the utilities provider’s stock, valued at approximately $924,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in shares of Sempra Energy by 41.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 500,272 shares of the utilities provider’s stock valued at $44,175,000 after buying an additional 146,929 shares during the period. World Investment Advisors grew its stake in shares of Sempra Energy by 81.1% during the fourth quarter. World Investment Advisors now owns 6,734 shares of the utilities provider’s stock valued at $595,000 after buying an additional 3,016 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Sempra Energy by 15.7% in the fourth quarter. Corient Private Wealth LLC now owns 516,938 shares of the utilities provider’s stock worth $45,641,000 after buying an additional 70,055 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Sempra Energy by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,483,473 shares of the utilities provider’s stock worth $219,295,000 after buying an additional 234,894 shares during the period. Finally, Bayban bought a new stake in shares of Sempra Energy during the 4th quarter worth approximately $47,000. 89.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SRE shares. Wells Fargo & Company restated an “overweight” rating and set a $118.00 price objective on shares of Sempra Energy in a report on Tuesday, April 21st. Barclays reiterated an “overweight” rating and issued a $105.00 target price (up from $95.00) on shares of Sempra Energy in a research note on Wednesday, April 15th. Morgan Stanley set a $104.00 target price on Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.67.

Sempra Energy Stock Performance

Sempra Energy stock opened at $90.62 on Friday. The company has a 50 day moving average price of $92.36 and a 200-day moving average price of $91.68. 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 $73.18 and a fifty-two week high of $101.04. The company has a market capitalization of $59.24 billion, a PE ratio of 30.72, a P/E/G ratio of 2.18 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 $3.65 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. Sempra Energy’s quarterly 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, equities analysts forecast that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Dividend Announcement

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

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Justin Christopher Bird sold 1,128 shares of Sempra Energy stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total value of $109,066.32. Following the completion of the sale, the executive vice president owned 21,632 shares of the company’s stock, valued at $2,091,598.08. The trade was a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,028 shares of company stock worth $1,370,273 over the last quarter. 0.31% of the stock is owned by corporate insiders.

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.