Resona Asset Management Co. Ltd. Has $18.18 Million Position in Sempra Energy $SRE

Resona Asset Management Co. Ltd. lowered its holdings in shares of Sempra Energy (NYSE:SRE) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 205,665 shares of the utilities provider’s stock after selling 8,857 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Sempra Energy were worth $18,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Sempra Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after purchasing an additional 1,008,476 shares during the period. Capital International Investors raised its position in shares of Sempra Energy by 9.2% during the third quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock worth $4,865,115,000 after purchasing an additional 4,572,312 shares during the period. State Street Corp raised its position in shares of Sempra Energy by 1.8% during the third quarter. State Street Corp now owns 34,986,169 shares of the utilities provider’s stock worth $3,148,055,000 after purchasing an additional 606,101 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sempra Energy by 106.3% during the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock worth $938,325,000 after purchasing an additional 5,374,277 shares during the period. Finally, Invesco Ltd. raised its position in shares of Sempra Energy by 40.1% during the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock worth $937,512,000 after purchasing an additional 2,984,409 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SRE. BMO Capital Markets dropped their price target on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Morgan Stanley set a $104.00 price target on Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. UBS Group reaffirmed a “neutral” rating and set a $100.00 price target (up from $96.00) on shares of Sempra Energy in a research report on Friday, March 6th. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 4th. Finally, Truist Financial set a $104.00 price target on Sempra Energy and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $102.67.

Insiders Place Their Bets

In related news, EVP Justin Christopher Bird sold 1,128 shares of Sempra Energy stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total value of $109,066.32. Following the sale, the executive vice president 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer M. Kirk purchased 1,000 shares of the stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $93.44 per share, for a total transaction of $93,440.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $93,440. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 6,192 shares of company stock worth $576,979 and have sold 13,439 shares worth $1,243,713. 0.31% of the stock is owned by corporate insiders.

Sempra Energy Stock Up 1.2%

Shares of Sempra Energy stock opened at $91.33 on Wednesday. The business’s 50 day simple moving average is $94.60 and its 200 day simple moving average is $91.97. Sempra Energy has a 52-week low of $73.06 and a 52-week high of $101.04. The firm has a market cap of $59.70 billion, a PE ratio of 30.96, a P/E/G ratio of 3.41 and a beta of 0.60. 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 (NYSE:SRE) last announced its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm earned $1.44 EPS. 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. On average, analysts predict that Sempra Energy will post 5.11 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s dividend payout ratio (DPR) is currently 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.