Bessemer Group Inc. Grows Holdings in Sempra Energy $SRE

Bessemer Group Inc. lifted its stake in Sempra Energy (NYSE:SRE) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,231,728 shares of the utilities provider’s stock after purchasing an additional 13,410 shares during the quarter. Bessemer Group Inc.’s holdings in Sempra Energy were worth $216,856,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Sempra Energy by 1.3% in the fourth 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 in the last quarter. State Street Corp lifted its stake in Sempra Energy by 5.2% during the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares in the last quarter. Morgan Stanley boosted its holdings in Sempra Energy by 17.0% during the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after acquiring an additional 3,250,783 shares during the period. Geode Capital Management LLC boosted its holdings in Sempra Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after acquiring an additional 116,554 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Sempra Energy by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock valued at $1,073,918,000 after acquiring an additional 1,735,516 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Diana L. Day sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total value of $304,029.00. Following the completion of the transaction, the insider directly owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was 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 approximately $2,278,600.20. The trade was a 24.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 13,900 shares of company stock worth $1,261,207. 0.31% of the stock is currently owned by insiders.

Sempra Energy Trading Up 0.4%

Shares of NYSE:SRE opened at $93.14 on Friday. Sempra Energy has a 52 week low of $74.82 and a 52 week high of $101.04. The company’s 50 day moving average is $91.92 and its two-hundred day moving average is $92.30. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78. The company has a market cap of $60.89 billion, a PE ratio of 31.57, a P/E/G ratio of 2.23 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS. 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. Equities analysts predict 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. Stockholders of record on Thursday, June 25th were given a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 25th. Sempra Energy’s dividend payout ratio is currently 89.15%.

Analysts Set New Price Targets

SRE has been the topic of several research reports. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research report on Thursday. Wells Fargo & Company restated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research note on Tuesday, April 21st. Truist Financial set a $104.00 price objective on Sempra Energy and gave the company a “buy” rating in a research note on Monday, May 18th. TD Cowen initiated coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $105.00 target price on shares of Sempra Energy in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.08.

About Sempra Energy

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.