The Manufacturers Life Insurance Company Reduces Stock Position in Sempra Energy $SRE

The Manufacturers Life Insurance Company cut its stake in Sempra Energy (NYSE:SRE) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 916,291 shares of the utilities provider’s stock after selling 17,313 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Sempra Energy were worth $84,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SRE. Bell Investment Advisors Inc lifted 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 purchasing an additional 116 shares during the period. Frazier Financial Advisors LLC bought a new stake in Sempra Energy in the 2nd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Sempra Energy during the 2nd quarter valued at $27,000. Silvant Capital Management LLC purchased a new stake in Sempra Energy during the second quarter valued at $28,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in 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. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Stock Down 0.7%

SRE stock opened at $83.44 on Friday. The business’s 50-day moving average price is $87.91 and its 200-day moving average price is $91.53. The stock has a market cap of $54.56 billion, a P/E ratio of 24.19, a PEG ratio of 2.32 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a twelve month low of $79.59 and a twelve month high of $101.04.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was down .1% 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 4.800-5.300 EPS. On average, equities research analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be paid a $0.6575 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.2%. Sempra Energy’s dividend payout ratio is 76.23%.

Analyst Upgrades and Downgrades

SRE has been the subject of a number of recent research reports. Morgan Stanley cut their price target on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Barclays lowered their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Mizuho reissued a “neutral” rating and issued a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and cut their target price for the company from $101.00 to $97.00 in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sempra Energy from $113.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.00.

Insider Activity at Sempra Energy

In other news, EVP Caroline Winn sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president directly owned 25,164 shares in the company, valued at $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 is available at this hyperlink. 0.31% of the stock is owned by insiders.

Sempra Energy Company Profile

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.