Resona Asset Management Co. Ltd. Sells 8,857 Shares of Sempra Energy $SRE

Resona Asset Management Co. Ltd. trimmed its stake in Sempra Energy (NYSE:SRE) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 205,665 shares of the utilities provider’s stock after selling 8,857 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Sempra Energy were worth $18,181,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SRE. Vanguard Group Inc. grew its position in Sempra Energy by 14.2% in the third quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider’s stock valued at $6,813,784,000 after acquiring an additional 9,396,652 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Sempra Energy by 106.3% during the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock worth $938,325,000 after purchasing an additional 5,374,277 shares during the last quarter. Capital International Investors grew 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 worth $4,865,115,000 after purchasing an additional 4,572,312 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Sempra Energy by 40.1% during 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 during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Sempra Energy by 20,627.9% during the third quarter. Bessemer Group Inc. now owns 1,898,675 shares of the utilities provider’s stock worth $170,842,000 after purchasing an additional 1,889,515 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Price Performance

Sempra Energy stock opened at $91.33 on Wednesday. The business’s 50-day simple moving average is $94.60 and its 200 day simple moving average is $91.97. The stock has a market cap of $59.70 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 3.41 and a beta of 0.60. Sempra Energy has a 12-month low of $73.06 and a 12-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.

Sempra Energy (NYSE:SRE) last posted its quarterly 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. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the business earned $1.44 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. 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 anticipate that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a yield of 2.9%. Sempra Energy’s dividend payout ratio (DPR) is 89.15%.

Insider Activity

In related news, Director Cynthia J. Warner bought 2,500 shares of Sempra Energy stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the acquisition, the director owned 11,275 shares in the company, valued at approximately $1,048,011.25. This represents a 28.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 in the company, valued at approximately $2,107,013.10. This trade represents a 12.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have purchased 6,192 shares of company stock valued at $576,979 and have sold 13,439 shares valued at $1,243,713. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SRE has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. BMO Capital Markets decreased their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. UBS Group restated a “neutral” rating and set a $100.00 target price (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Barclays restated an “overweight” rating and set a $105.00 target price (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. Finally, Truist Financial set a $104.00 target price on Sempra Energy and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $102.67.

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.