BI Asset Management Fondsmaeglerselskab A S Acquires 9,194 Shares of Sempra Energy $SRE

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Sempra Energy (NYSE:SRE) by 31.2% in the first quarter, HoldingsChannel reports. The fund owned 38,679 shares of the utilities provider’s stock after acquiring an additional 9,194 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Sempra Energy were worth $3,758,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Sempra Energy during the fourth quarter valued at approximately $914,924,000. Capital International Investors lifted 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 purchasing an additional 4,572,312 shares during the last quarter. Morgan Stanley boosted its position in shares of Sempra Energy by 17.0% in the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sempra Energy by 40.1% in the 3rd 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. Finally, National Pension Service grew its stake in shares of Sempra Energy by 246.4% in the 4th quarter. National Pension Service now owns 2,826,999 shares of the utilities provider’s stock worth $249,596,000 after buying an additional 2,010,853 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $118.00 price objective on shares of Sempra Energy in a research report on Tuesday, April 21st. UBS Group reissued 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. BMO Capital Markets cut their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Morgan Stanley set a $104.00 price target on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy has a consensus rating of “Moderate Buy” and an average target price of $102.67.

Insiders Place Their Bets

In other Sempra Energy news, EVP Justin Christopher Bird sold 1,128 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total transaction of $109,066.32. Following the transaction, the executive vice president owned 21,632 shares in the company, valued at approximately $2,091,598.08. This represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo Ferrero sold 2,600 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $89.53, for a total transaction of $232,778.00. Following the sale, the director directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,028 shares of company stock valued at $1,370,273. 0.31% of the stock is currently owned by corporate insiders.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $91.55 on Tuesday. The firm has a market cap of $59.85 billion, a P/E ratio of 31.03, a PEG ratio of 2.18 and a beta of 0.57. Sempra Energy has a twelve month low of $73.18 and a twelve month 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 company has a 50 day moving average of $92.20 and a 200 day moving average of $91.68.

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

Sempra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given 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 dividend yield of 2.9%. Sempra Energy’s dividend payout ratio (DPR) is 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.