Legal & General Group Plc Sells 53,882 Shares of Sempra Energy $SRE

Legal & General Group Plc decreased its holdings in shares of Sempra Energy (NYSE:SRE) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,250,068 shares of the utilities provider’s stock after selling 53,882 shares during the quarter. Legal & General Group Plc’s holdings in Sempra Energy were worth $551,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock valued at $6,774,907,000 after acquiring an additional 1,008,476 shares during the period. Capital International Investors increased its holdings in shares of Sempra Energy by 9.2% in 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 period. State Street Corp increased its holdings in shares of Sempra Energy by 1.8% in the third quarter. State Street Corp now owns 34,986,169 shares of the utilities provider’s stock worth $3,148,055,000 after purchasing an additional 606,101 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Sempra Energy by 106.3% in 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 period. Finally, Invesco Ltd. increased its holdings in shares of Sempra Energy by 40.1% in 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 period. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Up 0.1%

Shares of NYSE:SRE opened at $92.89 on Tuesday. Sempra Energy has a 52-week low of $73.06 and a 52-week high of $101.04. The firm has a fifty day moving average of $94.53 and a 200 day moving average of $91.96. The firm has a market capitalization of $60.72 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 3.50 and a beta of 0.60. 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 announced its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the previous 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 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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 given 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 payout ratio is 89.15%.

Insider Buying and Selling

In related news, Director Cynthia J. Warner bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the transaction, the director owned 11,275 shares of the company’s stock, valued at approximately $1,048,011.25. The trade was a 28.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo Ferrero sold 2,600 shares of the company’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 completion of the transaction, the director owned 15,423 shares of the company’s stock, valued at $1,380,821.19. This trade represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders bought 6,192 shares of company stock valued at $576,979 and sold 13,439 shares valued at $1,243,713. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SRE. UBS Group reaffirmed a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. JPMorgan Chase & Co. upped their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Barclays reaffirmed an “overweight” rating and issued a $105.00 price target (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 4th. Finally, Morgan Stanley set a $104.00 price target on shares of Sempra Energy and gave the stock an “overweight” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus price target 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.