Hsbc Holdings PLC Lowers Stock Position in Sempra Energy $SRE

Hsbc Holdings PLC cut its holdings in shares of Sempra Energy (NYSE:SRE) by 1.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,436,960 shares of the utilities provider’s stock after selling 46,513 shares during the period. Hsbc Holdings PLC’s holdings in Sempra Energy were worth $236,784,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of 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 period. Woodline Partners LP lifted its stake in shares of Sempra Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of 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 during the last quarter. Cary Street Partners Financial LLC boosted its position in Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 339 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after purchasing an additional 188,131 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SRE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Wall Street Zen cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a research report on Tuesday, April 21st. Barclays reduced 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 note on Thursday, July 9th. Finally, TD Cowen began coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.08.

Insider Activity at Sempra Energy

In other Sempra Energy news, Director Pablo Ferrero sold 2,600 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $89.53, for a total transaction of $232,778.00. Following the sale, the director owned 15,423 shares in the company, valued at approximately $1,380,821.19. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Diana L. Day sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $92.13, for a total value of $304,029.00. Following the sale, the insider owned 22,870 shares in the company, valued at approximately $2,107,013.10. The trade was a 12.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,900 shares of company stock valued at $1,261,207 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Sempra Energy Stock Down 0.9%

SRE stock opened at $92.31 on Friday. The stock has a market capitalization of $60.34 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. Sempra Energy has a 52 week low of $76.43 and a 52 week 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 firm has a 50 day moving average of $91.94 and a 200 day moving average of $92.30.

Sempra Energy (NYSE:SRE) last issued 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. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. Sempra Energy’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. 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. Sell-side analysts forecast that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were given a $0.6575 dividend. This represents a $2.63 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 25th. Sempra Energy’s dividend payout ratio is presently 89.15%.

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.