Saudi Central Bank Boosts Stake in Sempra Energy $SRE

Saudi Central Bank raised its stake in shares of Sempra Energy (NYSE:SRE) by 89.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 45,733 shares of the utilities provider’s stock after buying an additional 21,642 shares during the period. Saudi Central Bank’s holdings in Sempra Energy were worth $4,240,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC lifted its position 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 valued at $1,285,000 after acquiring an additional 6,196 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock valued at $3,819,000 after acquiring an additional 15,474 shares during the last quarter. Baird Financial Group Inc. increased its position in Sempra Energy by 6.2% during the 2nd 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 in the last quarter. Cary Street Partners Financial LLC increased its position in Sempra Energy by 78.5% during the 2nd 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 in the last quarter. Finally, Sei Investments Co. increased its position in Sempra Energy by 80.0% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity

In related news, EVP Caroline Winn sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SRE. Truist Financial set a $96.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Sempra Energy from $113.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Barclays cut their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley reduced their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.00.

Sempra Energy Stock Performance

Sempra Energy stock opened at $83.91 on Monday. The firm has a market capitalization of $54.87 billion, a P/E ratio of 24.32, a PEG ratio of 2.32 and a beta of 0.55. The stock has a fifty day moving average price of $88.74 and a 200 day moving average price of $91.82. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the company earned $0.89 EPS. The firm’s quarterly revenue was down .1% 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 4.800-5.300 EPS. Equities research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, September 24th. Sempra Energy’s dividend payout ratio is presently 76.23%.

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.