Assenagon Asset Management S.A. Grows Holdings in Sempra Energy $SRE

Assenagon Asset Management S.A. boosted its holdings in shares of Sempra Energy (NYSE:SRE) by 63.3% in the first quarter, HoldingsChannel reports. The fund owned 36,263 shares of the utilities provider’s stock after acquiring an additional 14,055 shares during the period. Assenagon Asset Management S.A.’s holdings in Sempra Energy were worth $3,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Miller Howard Investments Inc. NY increased its stake in shares of Sempra Energy by 7.9% during the first quarter. Miller Howard Investments Inc. NY now owns 172,212 shares of the utilities provider’s stock valued at $16,734,000 after purchasing an additional 12,615 shares in the last quarter. Cidel Asset Management Inc. increased its position in Sempra Energy by 23.3% during the 1st quarter. Cidel Asset Management Inc. now owns 4,513 shares of the utilities provider’s stock valued at $439,000 after buying an additional 852 shares in the last quarter. Krilogy Financial LLC raised its stake in Sempra Energy by 28.1% during the first quarter. Krilogy Financial LLC now owns 12,997 shares of the utilities provider’s stock valued at $1,245,000 after buying an additional 2,852 shares during the last quarter. Sovereign Financial Group Inc. purchased a new position in Sempra Energy during the first quarter valued at $213,000. Finally, Bell Investment Advisors Inc boosted its holdings in Sempra Energy by 79.5% in the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Price Performance

NYSE SRE opened at $93.88 on Tuesday. Sempra Energy has a one year low of $73.18 and a one year high of $101.04. The stock has a 50-day moving average of $91.88 and a 200 day moving average of $91.82. The company has a market capitalization of $61.37 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.27 and a beta of 0.57. 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 (NYSE:SRE) last posted its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.51. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The business’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 earned $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, sell-side analysts forecast that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Announces Dividend

The business 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. The ex-dividend date is Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.8%. Sempra Energy’s dividend payout ratio (DPR) is currently 89.15%.

Insider Activity at Sempra Energy

In other news, Director Pablo Ferrero sold 2,600 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $89.53, for a total value of $232,778.00. Following the transaction, the director directly owned 15,423 shares in the company, valued at $1,380,821.19. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Justin Christopher Bird sold 1,128 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total transaction of $109,066.32. Following the completion of the transaction, the executive vice president owned 21,632 shares in the company, valued at $2,091,598.08. The trade was a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 15,028 shares of company stock worth $1,370,273. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SRE. Morgan Stanley reissued an “overweight” rating and issued a $105.00 target price on shares of Sempra Energy in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Barclays reissued an “overweight” rating and set a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a research report on Wednesday, April 15th. UBS Group restated a “neutral” rating and set a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.75.

Sempra Energy Company 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.