Socorro Asset Management LP Trims Stake in Sempra Energy $SRE

Socorro Asset Management LP reduced its stake in Sempra Energy (NYSE:SRE) by 13.6% during the 1st quarter, Holdings Channel reports. The firm owned 115,679 shares of the utilities provider’s stock after selling 18,233 shares during the period. Sempra Energy makes up 5.1% of Socorro Asset Management LP’s holdings, making the stock its biggest holding. Socorro Asset Management LP’s holdings in Sempra Energy were worth $11,241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SRE. Vanguard Group Inc. boosted its holdings in Sempra Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after buying an additional 1,008,476 shares during the last quarter. State Street Corp boosted its stake in Sempra Energy by 5.2% during the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares during the last quarter. Morgan Stanley grew its holdings in Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Geode Capital Management LLC grew its holdings in Sempra Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after purchasing an additional 116,554 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Sempra Energy by 16.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock valued at $1,073,918,000 after purchasing an additional 1,735,516 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Performance

Shares of SRE stock opened at $91.20 on Tuesday. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The company’s fifty day simple moving average is $91.95 and its 200-day simple moving average is $92.47. The firm has a market cap of $59.62 billion, a PE ratio of 30.92, a P/E/G ratio of 2.23 and a beta of 0.56. 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 released its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were given a $0.6575 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. Sempra Energy’s payout ratio is currently 89.15%.

Insider Activity at Sempra Energy

In related news, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction dated 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 owned 15,423 shares in the company, valued at approximately $1,380,821.19. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was 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 approximately $2,107,013.10. This 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. Over the last quarter, insiders have sold 13,900 shares of company stock valued at $1,261,207. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SRE has been the topic of a number of recent analyst reports. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a research report on Thursday, July 16th. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reiterated an “overweight” rating and set a $108.00 target price on shares of Sempra Energy in a report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.23.

About Sempra Energy

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.