Hsbc Holdings PLC Buys Shares of 2,585,731 Sempra Energy $SRE

Hsbc Holdings PLC acquired a new position in Sempra Energy (NYSE:SRE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,585,731 shares of the utilities provider’s stock, valued at approximately $239,937,000.

Several other hedge funds also recently bought and sold shares of SRE. Bell Investment Advisors Inc boosted its position in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after buying an additional 116 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Sempra Energy in the 2nd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Sempra Energy during the 2nd quarter worth approximately $27,000. Silvant Capital Management LLC acquired a new position in shares of Sempra Energy during the second quarter worth $28,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SRE shares. JPMorgan Chase & Co. lowered their target price on shares of Sempra Energy from $113.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Mizuho reiterated a “neutral” rating and issued a $84.00 target price (down from $104.00) on shares of Sempra Energy in a research note on Monday, August 31st. TD Cowen began coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.00.

Insider Activity

In related news, EVP Caroline Winn sold 8,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the sale, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Sempra Energy Stock Down 0.2%

SRE opened at $83.91 on Monday. The firm has a market cap of $54.87 billion, a P/E ratio of 24.32, a PEG ratio of 2.32 and a beta of 0.55. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $88.74 and its 200 day simple moving average is $91.82.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. As a group, equities research analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, September 24th. Sempra Energy’s payout ratio is 76.23%.

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.