Sempra Energy (NYSE:SRE) Director Pablo Ferrero Sells 2,600 Shares of Stock

Sempra Energy (NYSE:SRE) Director Pablo Ferrero sold 2,600 shares of the company’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 completion of the sale, the director owned 15,423 shares in the company, valued at $1,380,821.19. This represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sempra Energy Trading Up 1.2%

SRE opened at $91.33 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. Sempra Energy has a fifty-two week low of $73.06 and a fifty-two week high of $101.04. The firm has a market capitalization of $59.70 billion, a PE ratio of 30.96, a P/E/G ratio of 3.41 and a beta of 0.60. The company’s 50-day moving average is $94.60 and its 200 day moving average is $91.97.

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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. 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, research analysts predict 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. Investors of record on Thursday, June 25th will be issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 25th. Sempra Energy’s dividend payout ratio is currently 89.15%.

Institutional Investors Weigh In On Sempra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRE. Western Wealth Management LLC purchased a new stake in shares of Sempra Energy during the 1st quarter worth approximately $72,000. Bank of America Corp DE increased its stake in shares of Sempra Energy by 16.1% during the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after purchasing an additional 1,441,981 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Sempra Energy by 316.9% during the 1st quarter. Janus Henderson Group PLC now owns 328,845 shares of the utilities provider’s stock worth $31,955,000 after purchasing an additional 249,957 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of Sempra Energy by 2.0% during the 1st quarter. Centaurus Financial Inc. now owns 13,998 shares of the utilities provider’s stock worth $1,360,000 after purchasing an additional 276 shares during the last quarter. Finally, Strategic Investment Advisors MI increased its stake in shares of Sempra Energy by 8.2% during the 1st quarter. Strategic Investment Advisors MI now owns 8,784 shares of the utilities provider’s stock worth $853,000 after purchasing an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SRE. Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. UBS Group reiterated a “neutral” rating and issued a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Truist Financial set a $104.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a research note on Monday. Finally, Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.67.

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.