BROOKFIELD Corp ON Decreases Stake in Sempra Energy $SRE

BROOKFIELD Corp ON reduced its holdings in shares of Sempra Energy (NYSE:SRE) by 16.3% during the first quarter, HoldingsChannel reports. The firm owned 1,610,550 shares of the utilities provider’s stock after selling 312,974 shares during the period. Sempra Energy comprises 0.2% of BROOKFIELD Corp ON’s portfolio, making the stock its 17th biggest holding. BROOKFIELD Corp ON’s holdings in Sempra Energy were worth $156,497,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Sempra Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $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 valued at $3,273,460,000 after acquiring an additional 1,824,280 shares during the period. Morgan Stanley boosted its holdings in shares of 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 last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sempra Energy by 16.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock worth $1,073,918,000 after acquiring an additional 1,735,516 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SRE has been the subject of several research reports. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company restated an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a report on Tuesday, April 21st. Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a research report on Thursday, July 16th. Morgan Stanley reiterated an “overweight” rating and set a $108.00 target price on shares of Sempra Energy in a research note on Wednesday. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.23.

Insider Activity at Sempra Energy

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the sale, the insider owned 22,870 shares of the company’s stock, valued at approximately $2,107,013.10. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $89.53, for a total value of $232,778.00. Following the completion of the sale, the director owned 15,423 shares of the company’s stock, valued at approximately $1,380,821.19. The trade was a 14.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 13,900 shares of company stock worth $1,261,207. Corporate insiders own 0.31% of the company’s stock.

Sempra Energy Stock Up 0.0%

SRE opened at $93.00 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. The company has a market capitalization of $60.80 billion, a PE ratio of 31.53, a PEG ratio of 2.23 and a beta of 0.56. The firm’s 50 day simple moving average is $91.93 and its two-hundred day simple moving average is $92.44.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the company posted $1.44 EPS. The company’s revenue was down 3.9% 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 4.870-5.370 EPS. As a group, equities analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were given a dividend of $0.6575 per share. The ex-dividend date was Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.8%. Sempra Energy’s payout ratio is 89.15%.

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.