Reaves W H & Co. Inc. Grows Stock Holdings in Sempra Energy $SRE

Reaves W H & Co. Inc. increased its holdings in Sempra Energy (NYSE:SRE) by 34.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140,395 shares of the utilities provider’s stock after purchasing an additional 544,567 shares during the quarter. Sempra Energy accounts for 3.3% of Reaves W H & Co. Inc.’s holdings, making the stock its 10th biggest position. Reaves W H & Co. Inc.’s holdings in Sempra Energy were worth $188,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Empowered Funds LLC increased its position in shares of Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock worth $1,285,000 after acquiring an additional 6,196 shares in the last quarter. Woodline Partners LP increased its position in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after acquiring an additional 15,474 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 858 shares in the last quarter. Cary Street Partners Financial LLC increased its position in shares of Sempra Energy by 78.5% in the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 339 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Sempra Energy by 80.0% in the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after acquiring an additional 188,131 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Karen L. Sedgwick sold 4,872 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $92.58, for a total transaction of $451,049.76. Following the transaction, the chief financial officer directly owned 39,029 shares of the company’s stock, valued at approximately $3,613,304.82. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard J. Mark acquired 2,692 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of $93.30 per share, for a total transaction of $251,163.60. Following the completion of the transaction, the director directly owned 17,376 shares of the company’s stock, valued at $1,621,180.80. This represents a 18.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 6,192 shares of company stock valued at $576,979 and sold 13,439 shares valued at $1,243,713. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SRE. Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Monday, May 18th. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a research report on Tuesday, April 21st. BMO Capital Markets dropped their target price on shares of 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 target price on shares of Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.67.

Sempra Energy Stock Performance

Shares of SRE opened at $88.90 on Monday. The company’s 50 day moving average price is $94.13 and its 200 day moving average price is $91.89. Sempra Energy has a 52 week low of $73.06 and a 52 week high of $101.04. The company has a market capitalization of $58.11 billion, a PE ratio of 30.13, a PEG ratio of 3.37 and a beta of 0.57. 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 quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. 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 expect that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a dividend of $0.6575 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a yield of 3.0%. Sempra Energy’s payout ratio is presently 89.15%.

Sempra Energy Company 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.