Bank of New York Mellon Corp Sells 100,457 Shares of Sempra Energy $SRE

Bank of New York Mellon Corp trimmed its position in shares of Sempra Energy (NYSE:SRE) by 1.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,058,750 shares of the utilities provider’s stock after selling 100,457 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sempra Energy were worth $446,637,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SRE. Empowered Funds LLC grew its stake in Sempra Energy by 52.5% during the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock worth $1,285,000 after buying an additional 6,196 shares during the last quarter. Woodline Partners LP grew its stake in Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after buying an additional 15,474 shares during the last quarter. Baird Financial Group Inc. grew its stake in Sempra Energy by 6.2% during the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after buying an additional 858 shares during the last quarter. Cary Street Partners Financial LLC grew its stake in shares of Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 339 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after purchasing an additional 188,131 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sempra Energy news, Director Richard J. Mark acquired 2,692 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $93.30 per share, for a total transaction of $251,163.60. Following the completion of the acquisition, the director directly owned 17,376 shares of the company’s stock, valued at approximately $1,621,180.80. This represents a 18.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia J. Warner acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the acquisition, the director directly owned 11,275 shares of the company’s stock, valued at $1,048,011.25. This trade represents a 28.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 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 corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SRE shares. JPMorgan Chase & Co. increased 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. Morgan Stanley set a $104.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Wells Fargo & Company reissued an “overweight” rating and set a $118.00 price target on shares of Sempra Energy in a research note on Tuesday, April 21st. Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Finally, Barclays reissued an “overweight” rating and set a $105.00 price target (up from $95.00) on shares of Sempra Energy in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.67.

Sempra Energy Trading Up 0.1%

Shares of NYSE SRE opened at $89.65 on Thursday. The company’s 50 day simple moving average is $93.85 and its 200 day simple moving average is $91.81. Sempra Energy has a fifty-two week low of $73.06 and a fifty-two week high of $101.04. The firm has a market capitalization of $58.60 billion, a P/E ratio of 30.39, a P/E/G ratio of 3.39 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, meeting the consensus estimate 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 $3.66 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the business posted $1.44 earnings per share. Sempra Energy’s 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. On average, 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. Investors of record on Thursday, June 25th will be issued a $0.6575 dividend. This represents a $2.63 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, June 25th. Sempra Energy’s dividend payout ratio is currently 89.15%.

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.