PNC Financial Services Group Inc. Lowers Stock Holdings in Sempra Energy $SRE

PNC Financial Services Group Inc. decreased its position in shares of Sempra Energy (NYSE:SRE) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,776 shares of the utilities provider’s stock after selling 10,553 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sempra Energy were worth $10,575,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Sempra Energy by 52.5% in the 1st 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 during the last quarter. Woodline Partners LP increased its holdings in Sempra Energy by 40.7% in the 1st 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 holdings in Sempra Energy by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 858 shares during the last quarter. Cary Street Partners Financial LLC increased its holdings in Sempra Energy by 78.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Sempra Energy by 80.0% in the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after acquiring an additional 188,131 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Barclays reiterated an “overweight” rating and issued a $105.00 price target (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. Morgan Stanley set a $104.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a report on Tuesday, April 21st. Finally, Truist Financial set a $104.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.67.

Insider Activity at Sempra Energy

In related news, CFO Karen L. Sedgwick sold 4,872 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $92.58, for a total transaction of $451,049.76. Following the transaction, the chief financial officer directly owned 39,029 shares in the company, valued at approximately $3,613,304.82. This represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cynthia J. Warner purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the acquisition, the director directly owned 11,275 shares in the company, valued at $1,048,011.25. The trade was a 28.49% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, 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 company insiders.

Sempra Energy Stock Performance

Sempra Energy stock opened at $92.89 on Friday. The company’s 50-day moving average price is $94.54 and its 200-day moving average price is $91.96. Sempra Energy has a twelve month low of $73.06 and a twelve month high of $101.04. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. The company has a market cap of $60.72 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 3.50 and a beta of 0.60.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $1.44 EPS. The business’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. On average, equities research analysts forecast that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be issued a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 2.8%. 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.