Gabelli Funds LLC Sells 6,630 Shares of Sempra Energy $SRE

Gabelli Funds LLC decreased its position in shares of Sempra Energy (NYSE:SRE) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,249 shares of the utilities provider’s stock after selling 6,630 shares during the quarter. Gabelli Funds LLC’s holdings in Sempra Energy were worth $7,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Sempra Energy during the fourth quarter valued at about $914,924,000. Morgan Stanley grew its holdings in shares of Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Invesco Ltd. increased its stake 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 valued at $937,512,000 after buying an additional 2,984,409 shares during the period. National Pension Service increased its stake in shares of Sempra Energy by 246.4% in the fourth quarter. National Pension Service now owns 2,826,999 shares of the utilities provider’s stock valued at $249,596,000 after buying an additional 2,010,853 shares during the period. Finally, State Street Corp raised its holdings in Sempra Energy by 5.2% in the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock valued at $3,273,460,000 after buying an additional 1,824,280 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and issued a $108.00 price objective on shares of Sempra Energy in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a report on Thursday, July 16th. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.23.

Insider Transactions at Sempra Energy

In other news, Director Pablo Ferrero sold 2,600 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,380,821.19. The trade was a 14.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,900 shares of company stock valued at $1,261,207. Corporate insiders own 0.31% of the company’s stock.

Sempra Energy Stock Down 1.9%

Shares of NYSE SRE opened at $91.20 on Tuesday. The company’s 50 day moving average price is $91.95 and its 200-day moving average price is $92.47. 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 has a 52-week low of $78.97 and a 52-week high of $101.04. The company has a market capitalization of $59.62 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 2.23 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share 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 $3.65 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the prior year, the company posted $1.44 earnings per share. Sempra Energy’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 analysts forecast that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Dividend Announcement

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

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.