TD Asset Management Inc Trims Stake in Sempra Energy $SRE

TD Asset Management Inc lowered its stake in Sempra Energy (NYSE:SRE) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 477,148 shares of the utilities provider’s stock after selling 18,885 shares during the quarter. TD Asset Management Inc’s holdings in Sempra Energy were worth $42,127,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRE. Ares Financial Consulting LLC purchased a new stake in Sempra Energy in the 4th quarter valued at approximately $26,000. Key Financial Inc lifted its stake in Sempra Energy by 73.6% in the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Sempra Energy by 83.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock valued at $32,000 after buying an additional 161 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in Sempra Energy in the 4th quarter valued at approximately $35,000. Finally, Salomon & Ludwin LLC lifted its stake in Sempra Energy by 88.8% in the 4th quarter. Salomon & Ludwin LLC now owns 406 shares of the utilities provider’s stock valued at $36,000 after buying an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Up 1.3%

Shares of NYSE SRE opened at $91.51 on Friday. Sempra Energy has a 1 year low of $73.06 and a 1 year high of $101.04. The firm’s 50 day moving average price is $93.68 and its 200 day moving average price is $91.80. The firm has a market cap of $59.82 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 3.46 and a beta of 0.56. 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 posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.51. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. Sempra Energy’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, sell-side analysts anticipate that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid 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 2.9%. Sempra Energy’s dividend payout ratio (DPR) is currently 89.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $100.00 target price (up from $96.00) on shares of Sempra Energy in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. 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. Wall Street Zen lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Finally, Barclays restated an “overweight” rating and set a $105.00 target price (up from $95.00) on shares of Sempra Energy in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

Insider Activity at Sempra Energy

In related news, Director Cynthia J. Warner purchased 2,500 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $92.95 per share, with a total value of $232,375.00. Following the completion of the purchase, the director directly owned 11,275 shares in the company, valued at approximately $1,048,011.25. This trade represents a 28.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the transaction, the insider directly owned 22,870 shares in the company, valued at approximately $2,107,013.10. This represents a 12.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have bought 6,192 shares of company stock valued at $576,979 and have sold 13,439 shares valued at $1,243,713. Company insiders own 0.31% of the company’s stock.

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.