Munich Reinsurance Co Stock Corp in Munich Lowers Stake in Sempra Energy $SRE

Munich Reinsurance Co Stock Corp in Munich lessened its stake in shares of Sempra Energy (NYSE:SRE) by 24.0% during the 1st quarter, Holdings Channel reports. The fund owned 555,569 shares of the utilities provider’s stock after selling 175,681 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Sempra Energy were worth $53,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Sempra Energy during the 4th quarter valued at $914,924,000. Morgan Stanley increased its position in Sempra Energy by 17.0% during the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after buying an additional 3,250,783 shares in the last quarter. Invesco Ltd. raised its stake in 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 last quarter. National Pension Service raised its stake in 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 last quarter. Finally, State Street Corp boosted its holdings in Sempra Energy by 5.2% in the fourth 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 in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SRE shares. Barclays restated an “overweight” rating and set a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. BMO Capital Markets decreased their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Truist Financial set a $104.00 price objective on shares of Sempra Energy and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $105.00 price objective on shares of Sempra Energy in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

Sempra Energy Trading Up 0.6%

Shares of NYSE:SRE opened at $95.17 on Thursday. 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 has a 52-week low of $73.18 and a 52-week high of $101.04. The stock has a market cap of $62.21 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.28 and a beta of 0.56. The business has a 50-day moving average price of $91.88 and a 200-day moving average price of $92.07.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Sempra Energy’s revenue for the quarter was down 3.9% on a year-over-year basis. 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 predict that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, June 25th. Sempra Energy’s payout ratio is presently 89.15%.

Insider Activity

In other news, insider Diana L. Day sold 3,300 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $92.13, for a total value of $304,029.00. Following the sale, the insider directly owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This represents a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pablo Ferrero sold 2,600 shares of the 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 sale, the director owned 15,423 shares in the company, valued at $1,380,821.19. The trade was a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,900 shares of company stock valued at $1,261,207 in the last ninety days. Insiders own 0.31% of the company’s stock.

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.