The Manufacturers Life Insurance Company Lowers Position in Sempra Energy $SRE

The Manufacturers Life Insurance Company decreased its position in shares of Sempra Energy (NYSE:SRE) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 933,604 shares of the utilities provider’s stock after selling 7,732 shares during the quarter. The Manufacturers Life Insurance Company owned 0.14% of Sempra Energy worth $90,718,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SRE. Bell Investment Advisors Inc grew its position in Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of Sempra Energy in the fourth quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd raised its position 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 worth $31,000 after acquiring an additional 127 shares during the period. Key Financial Inc boosted its stake in shares of Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 153 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 161 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo Ferrero sold 2,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly 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. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 13,900 shares of company stock valued at $1,261,207. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

SRE has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Truist Financial set a $104.00 price target on Sempra Energy and gave the stock a “buy” rating in a research report on Monday, May 18th. TD Cowen initiated coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $108.00 price objective on shares of Sempra Energy in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.23.

Sempra Energy Trading Down 1.7%

Shares of SRE opened at $89.06 on Thursday. Sempra Energy has a 52-week low of $78.97 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’s fifty day moving average is $91.89 and its two-hundred day moving average is $92.51. The stock has a market cap of $58.22 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 2.18 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last released its earnings results 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 business had revenue of $3.65 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 company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Research analysts forecast that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was 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.