Amundi Purchases Shares of 1,584,168 Sempra Energy $SRE

Key Points

• Amundi acquired 1,584,168 shares of Sempra Energy in the second quarter, worth approximately $146.9 million and representing about 0.24% of the company. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra reported quarterly EPS of $1.16, exceeding analysts’ $1.01 estimate, though revenue of $3 billion fell short of expectations and was slightly lower year over year.
• The company declared a quarterly dividend of $0.6575 per share, equivalent to a 3.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $102, compared with a recent share price of $85.65.

Amundi purchased a new position in Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,584,168 shares of the utilities provider's stock, valued at approximately $146,868,000. Amundi owned about 0.24% of Sempra Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SRE. Bell Investment Advisors Inc raised its holdings in Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Sempra Energy in the second quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Sempra Energy during the second quarter worth $27,000. Silvant Capital Management LLC acquired a new stake in Sempra Energy during the second quarter worth $28,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Sempra Energy by 57.7% in the 4th 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. Institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Up 1.9%

Shares of NYSE:SRE opened at $85.65 on Wednesday. Sempra Energy has a 52 week low of $79.15 and a 52 week high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The company's fifty day moving average is $88.40 and its 200-day moving average is $91.71. The company has a market capitalization of $56.01 billion, a PE ratio of 24.83, a P/E/G ratio of 2.32 and a beta of 0.55.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be issued a $0.6575 dividend. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, September 24th. Sempra Energy's payout ratio is presently 76.23%.

Insider Activity at Sempra Energy

In other news, EVP Caroline Winn sold 8,000 shares of the business'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 value of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares of the company's stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of recent research reports. Mizuho restated a "neutral" rating and issued a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a research note on Monday, August 31st. TD Cowen assumed coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating on the stock. Wall Street Zen raised shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of Sempra Energy from $113.00 to $102.00 and set an "overweight" rating for the company in a research report on Wednesday, September 2nd. Finally, Jefferies Financial Group upgraded shares of Sempra Energy from a "hold" rating to a "buy" rating and cut their price target for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. One 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.00.

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.

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.