Pictet Asset Management Holding SA Grows Stock Holdings in Sempra Energy $SRE

Pictet Asset Management Holding SA increased its position in shares of Sempra Energy (NYSE:SRE) by 0.3% in the first quarter, HoldingsChannel.com reports. The firm owned 4,264,987 shares of the utilities provider’s stock after acquiring an additional 14,258 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sempra Energy were worth $414,427,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Creative Capital Management Investments LLC lifted its holdings in Sempra Energy by 12.1% during the 1st quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock worth $101,000 after buying an additional 112 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Sempra Energy by 1.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 8,587 shares of the utilities provider’s stock worth $773,000 after acquiring an additional 115 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of Sempra Energy by 2.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 5,191 shares of the utilities provider’s stock valued at $458,000 after acquiring an additional 116 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Sempra Energy by 0.4% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Performance

Shares of SRE stock opened at $94.22 on Friday. The stock has a market capitalization of $61.59 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 2.27 and a beta of 0.56. Sempra Energy has a 52-week low of $73.18 and a 52-week high of $101.04. The stock’s 50-day moving average price is $91.92 and its 200 day moving average price is $91.75. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, hitting the consensus estimate of $1.51. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. As a group, equities research analysts forecast that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be paid a $0.6575 dividend. The ex-dividend date is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.8%. Sempra Energy’s payout ratio is 89.15%.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $89.53, for a total transaction of $232,778.00. Following the transaction, the director directly owned 15,423 shares in the company, valued at approximately $1,380,821.19. This trade represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,028 shares of company stock worth $1,370,273. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on shares of Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Truist Financial set a $104.00 price objective on shares of Sempra Energy and gave the stock a “buy” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, UBS Group restated a “neutral” rating and issued a $100.00 target price (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.75.

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.