Sempra Energy $SRE Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of Sempra Energy (NYSE:SRE) by 44.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,026,893 shares of the utilities provider’s stock after selling 4,899,707 shares during the quarter. Clearbridge Investments LLC’s holdings in Sempra Energy were worth $532,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SRE. Norges Bank acquired a new position in shares of Sempra Energy during the fourth quarter valued at approximately $914,924,000. Vanguard Group Inc. raised its holdings in shares of Sempra Energy by 14.2% during the third quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider’s stock valued at $6,813,784,000 after acquiring an additional 9,396,652 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sempra Energy by 106.3% during the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock valued at $938,325,000 after acquiring an additional 5,374,277 shares during the last quarter. Capital International Investors raised its holdings in shares of Sempra Energy by 9.2% during the third quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock valued at $4,865,115,000 after acquiring an additional 4,572,312 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Sempra Energy by 40.1% during the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock valued at $937,512,000 after acquiring an additional 2,984,409 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Price Performance

SRE stock opened at $91.51 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. The business has a 50 day simple moving average of $93.68 and a 200-day simple moving average of $91.80. The firm has a market capitalization of $59.82 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 3.46 and a beta of 0.56. Sempra Energy has a 1 year low of $73.06 and a 1 year high of $101.04.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting the consensus estimate of $1.51. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. 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 5.11 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SRE shares. Morgan Stanley set a $104.00 price target on Sempra Energy and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Truist Financial set a $104.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Monday, May 18th. UBS Group restated a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a research report on Friday, March 6th. BMO Capital Markets dropped their price target on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. upped their price target on Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $102.67.

Insider Activity at Sempra Energy

In other Sempra Energy news, EVP Justin Christopher Bird sold 1,128 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total transaction 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. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diana L. Day sold 3,300 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total value of $304,029.00. Following the sale, the insider directly owned 22,870 shares of the company’s stock, valued at approximately $2,107,013.10. This trade represents a 12.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have acquired 6,192 shares of company stock valued at $576,979 and have sold 13,439 shares valued at $1,243,713. 0.31% of the stock is owned by insiders.

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.