Bank of Nova Scotia Purchases 482,198 Shares of Sempra Energy $SRE

Bank of Nova Scotia lifted its position in shares of Sempra Energy (NYSE:SRE) by 166.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 772,584 shares of the utilities provider’s stock after buying an additional 482,198 shares during the quarter. Bank of Nova Scotia’s holdings in Sempra Energy were worth $75,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc boosted its stake in shares of Sempra Energy by 79.5% in the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the period. Ares Financial Consulting LLC bought a new position in Sempra Energy during the 4th quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Sempra Energy by 57.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 127 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Sempra Energy by 83.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 161 shares in the last quarter. Finally, Key Financial Inc lifted its position in shares of Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 153 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Trading Up 0.4%

Shares of SRE opened at $93.44 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69. Sempra Energy has a 52-week low of $78.97 and a 52-week high of $101.04. The firm has a market cap of $61.08 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.24 and a beta of 0.56. The business’s fifty day moving average is $91.88 and its 200-day moving average is $92.41.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 8.20% and a net margin of 14.31%.Sempra Energy’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SRE shares. Wall Street Zen lowered Sempra Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a research report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. Finally, TD Cowen assumed coverage on shares of Sempra Energy in a research report 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 given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Sempra Energy has an average rating of “Moderate Buy” and a consensus target price of $104.23.

Insider Activity at Sempra Energy

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of the firm’s stock in a transaction that occurred on 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 $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pablo Ferrero sold 2,600 shares of the business’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 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. Insiders sold a total of 13,900 shares of company stock valued at $1,261,207 in the last quarter. Insiders own 0.31% of the company’s stock.

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.