Jennison Associates LLC Sells 44,287 Shares of Sempra Energy $SRE

Jennison Associates LLC cut its stake in Sempra Energy (NYSE:SRE) by 2.1% in the first quarter, Holdings Channel.com reports. The firm owned 2,112,069 shares of the utilities provider’s stock after selling 44,287 shares during the period. Jennison Associates LLC’s holdings in Sempra Energy were worth $205,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bell Investment Advisors Inc increased its holdings in shares of Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 116 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of Sempra Energy during the fourth quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after buying an additional 127 shares during the period. Key Financial Inc lifted its stake in shares of Sempra Energy by 73.6% in the fourth quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after buying an additional 153 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Sempra Energy by 83.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after buying an additional 161 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Diana L. Day sold 3,300 shares of the firm’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 transaction, the insider owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This trade 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. In the last ninety days, insiders sold 13,900 shares of company stock valued at $1,261,207. Corporate insiders own 0.31% of the company’s stock.

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $92.31 on Friday. The firm has a market cap of $60.34 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. The firm’s 50-day simple moving average is $91.94 and its 200-day simple moving average is $92.30. Sempra Energy has a twelve month low of $76.43 and a twelve month high of $101.04. 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 (EPS) for the quarter, hitting the consensus estimate of $1.51. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business 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, research analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Sempra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Barclays reduced their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $105.00 price objective on shares of Sempra Energy in a research report on Wednesday, June 24th. Finally, BMO Capital Markets cut their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. One 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 data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target 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.