Sumitomo Mitsui Trust Group Inc. Sells 69,018 Shares of Sempra Energy $SRE

Sumitomo Mitsui Trust Group Inc. cut its position in Sempra Energy (NYSE:SRE) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,425,699 shares of the utilities provider’s stock after selling 69,018 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sempra Energy were worth $138,535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SRE. Empowered Funds LLC lifted its position in Sempra Energy by 52.5% in the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after acquiring an additional 6,196 shares in the last quarter. Woodline Partners LP boosted its stake in Sempra Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock valued at $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Sempra Energy by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 858 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Sempra Energy by 78.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 339 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Sempra Energy by 80.0% in the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after purchasing an additional 188,131 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Price Performance

NYSE SRE opened at $94.56 on Friday. The company has a 50-day moving average price of $91.92 and a 200-day moving average price of $92.12. Sempra Energy has a 52 week low of $73.83 and a 52 week 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. The firm has a market capitalization of $61.81 billion, a P/E ratio of 32.05, a PEG ratio of 2.30 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $1.51. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 earnings per share. 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 anticipate that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date is Thursday, June 25th. Sempra Energy’s dividend payout ratio (DPR) is currently 89.15%.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pablo Ferrero sold 2,600 shares of Sempra Energy stock in a transaction on Monday, May 18th. The shares were sold at an average price of $89.53, for a total value of $232,778.00. Following the transaction, the director owned 15,423 shares in the company, valued at $1,380,821.19. This trade represents a 14.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,900 shares of company stock worth $1,261,207 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SRE has been the topic of a number of research analyst reports. Truist Financial set a $104.00 price target on Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their price objective on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Wall Street Zen cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $118.00 price target on shares of Sempra Energy in a report on Tuesday, April 21st. Finally, BMO Capital Markets reduced their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.15.

Sempra Energy Company 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.