Sempra Energy $SRE Stock Holdings Increased by RNC Capital Management LLC

RNC Capital Management LLC grew its holdings in shares of Sempra Energy (NYSE:SRE) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 606,175 shares of the utilities provider’s stock after acquiring an additional 9,563 shares during the quarter. Sempra Energy comprises approximately 2.4% of RNC Capital Management LLC’s holdings, making the stock its 17th largest position. RNC Capital Management LLC owned approximately 0.09% of Sempra Energy worth $53,519,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, Director Cynthia J. Warner purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the acquisition, the director directly owned 11,275 shares of the company’s stock, valued at $1,048,011.25. The trade was a 28.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Dyan Z. Wold sold 1,539 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $95.38, for a total transaction of $146,789.82. Following the completion of the sale, the chief accounting officer owned 4,633 shares of the company’s stock, valued at approximately $441,895.54. This trade represents a 24.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 6,192 shares of company stock valued at $576,979 and sold 7,539 shares valued at $706,906. 0.31% of the stock is currently owned by insiders.

Sempra Energy Stock Performance

Shares of NYSE SRE opened at $94.36 on Tuesday. The stock’s fifty day simple moving average is $95.13 and its 200 day simple moving average is $91.97. The stock has a market capitalization of $61.65 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.58 and a beta of 0.60. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 0.75. Sempra Energy has a 52-week low of $73.06 and a 52-week high of $101.04.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, February 26th. The utilities provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.82 billion. Sempra Energy had a return on equity of 8.22% and a net margin of 13.27%.Sempra Energy’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, sell-side analysts forecast that Sempra Energy will post 5.1 earnings per share for the current fiscal year.

Sempra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, March 19th were issued a $0.6575 dividend. The ex-dividend date was Thursday, March 19th. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.65. This represents a $2.63 annualized dividend and a dividend yield of 2.8%. Sempra Energy’s dividend payout ratio is 95.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SRE shares. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 4th. Truist Financial set a $108.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Monday, April 20th. Barclays reissued an “overweight” rating and issued a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a research note on Wednesday, April 15th. Morgan Stanley set a $104.00 price objective on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $118.00 target price on shares of Sempra Energy in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

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.