Cohen & Steers Inc. Trims Stake in Sempra Energy $SRE

Cohen & Steers Inc. lowered its position in Sempra Energy (NYSE:SRE) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,258,074 shares of the utilities provider’s stock after selling 145,027 shares during the quarter. Cohen & Steers Inc.’s holdings in Sempra Energy were worth $287,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the period. Wealthspire Advisors LLC increased its stake in Sempra Energy by 84.7% in the 4th quarter. Wealthspire Advisors LLC now owns 6,402 shares of the utilities provider’s stock worth $565,000 after buying an additional 2,935 shares during the period. Summit Financial LLC increased its stake in Sempra Energy by 33.7% in the 4th quarter. Summit Financial LLC now owns 4,353 shares of the utilities provider’s stock worth $387,000 after buying an additional 1,097 shares during the period. Quadrant Capital Group LLC increased its stake in Sempra Energy by 41.7% in the 4th quarter. Quadrant Capital Group LLC now owns 12,563 shares of the utilities provider’s stock worth $1,109,000 after buying an additional 3,694 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Sempra Energy by 18.2% in the 4th quarter. Advisors Asset Management Inc. now owns 21,805 shares of the utilities provider’s stock worth $1,925,000 after buying an additional 3,351 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SRE. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group restated 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. Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 4th. Wells Fargo & Company restated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a report on Tuesday, April 21st. Finally, Morgan Stanley set a $104.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.67.

Sempra Energy Price Performance

NYSE:SRE opened at $92.37 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. The firm has a market cap of $60.38 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 3.46 and a beta of 0.56. The company has a 50 day moving average price of $93.13 and a 200-day moving average price of $91.77. Sempra Energy has a 1-year low of $73.06 and a 1-year high of $101.04.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, meeting the consensus estimate of $1.51. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. 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 forecast that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be issued 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 of this dividend is Thursday, June 25th. Sempra Energy’s payout ratio is 89.15%.

Insider Activity

In other news, Director Pablo Ferrero sold 2,600 shares of Sempra Energy stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $89.53, for a total transaction of $232,778.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Christopher Bird sold 1,128 shares of Sempra Energy stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total transaction of $109,066.32. Following the transaction, the executive vice president directly owned 21,632 shares of the company’s stock, valued at approximately $2,091,598.08. This trade represents a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,567 shares of company stock valued at $792,663 in the last quarter. Company 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.