Lombard Odier Asset Management Switzerland SA Grows Position in Sempra Energy $SRE

Lombard Odier Asset Management Switzerland SA boosted its stake in shares of Sempra Energy (NYSE:SRE) by 54.5% in the first quarter, Holdings Channel reports. The institutional investor owned 28,005 shares of the utilities provider’s stock after acquiring an additional 9,874 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Sempra Energy were worth $2,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SRE. Norges Bank bought a new stake in Sempra Energy during the fourth quarter valued at about $914,924,000. Morgan Stanley grew its stake in Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Invesco Ltd. raised its holdings in Sempra Energy by 40.1% in the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock worth $937,512,000 after purchasing an additional 2,984,409 shares in the last quarter. National Pension Service raised its holdings in Sempra Energy by 246.4% in the fourth quarter. National Pension Service now owns 2,826,999 shares of the utilities provider’s stock worth $249,596,000 after purchasing an additional 2,010,853 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock valued at $3,273,460,000 after buying an additional 1,824,280 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Diana L. Day sold 3,300 shares of the firm’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 transaction, the insider owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,900 shares of company stock worth $1,261,207 over the last three months. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

SRE has been the subject of several recent analyst reports. 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. Morgan Stanley reaffirmed an “overweight” rating and set a $108.00 price target on shares of Sempra Energy in a research report on Wednesday. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday. Barclays lowered their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.23.

Sempra Energy Trading Up 0.0%

Shares of SRE stock opened at $93.00 on Monday. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. The company has a market cap of $60.80 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 2.23 and a beta of 0.56. 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 stock has a 50 day simple moving average of $91.93 and a 200-day simple moving average of $92.44.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.51. The firm 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 quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company 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. On average, equities research analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Announces Dividend

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