Assenagon Asset Management S.A. Acquires 403,946 Shares of Sempra Energy $SRE

Key Points

• Assenagon Asset Management increased its Sempra stake by 1,113.9% in the second quarter, buying 403,946 shares to hold 440,209 shares worth approximately $40.8 million. Institutional investors collectively own 89.65% of Sempra.
• Sempra’s second-quarter adjusted EPS rose to $1.16, beating estimates by $0.15, while Oncor reported significantly higher net income. However, revenue was about $3.0 billion, below expectations, and management maintained 2026–2027 EPS guidance below analyst consensus midpoints.
• Sempra shares opened at $84.06, below their 50-day and 200-day moving averages, while analysts retain a “Moderate Buy” consensus with an average price target of $104.23. The company also offers a quarterly dividend of $0.6575 per share, yielding about 3.1% annually.

Assenagon Asset Management S.A. raised its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 1,113.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 440,209 shares of the utilities provider's stock after purchasing an additional 403,946 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of Sempra Energy worth $40,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SRE. Vanguard Group Inc. increased its position 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 in the last quarter. State Street Corp increased its position in shares of Sempra Energy by 5.2% during the fourth 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 in the last quarter. Morgan Stanley raised its stake in shares of Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Geode Capital Management LLC raised its position in Sempra Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider's stock worth $1,256,592,000 after buying an additional 116,554 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sempra Energy by 16.6% during 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 during the last quarter. Hedge funds and other institutional investors own 89.65% of the company's stock.

Key Headlines Impacting Sempra Energy

Here are the key news stories impacting Sempra Energy this week:

• Positive Sentiment: Sempra reported second-quarter adjusted earnings of $1.16 per share, up from $0.89 a year ago and $0.15 above consensus. GAAP earnings rose to $796 million, or $1.21 per share, from $461 million, supported by stronger utility and infrastructure results. Sempra Reports Strong Second-Quarter 2026 Results
• Positive Sentiment: Oncor, Sempra’s Texas transmission and distribution utility, reported net income of $428 million, compared with $259 million a year earlier. Growth was driven by higher regulated revenues, new base rates, surcharge recovery, infrastructure investment and customer growth. ONCOR REPORTS SECOND QUARTER 2026 RESULTS
• Positive Sentiment: SoCalGas approved the retirement of all outstanding preferred shares, a move intended to simplify its capital structure and provide immediate value to shareholders. SoCalGas Preferred Stock Retirement
• Neutral Sentiment: Management maintained 2026 adjusted EPS guidance of $4.80–$5.30 and 2027 guidance of $5.10–$5.70, indicating continued expected earnings growth but leaving the guidance midpoints below analyst consensus estimates. Sempra Q2 Key Metrics
• Negative Sentiment: Second-quarter revenue was approximately $3.0 billion, below the $3.14 billion estimate and essentially flat year over year. The revenue miss and guidance that trails consensus appear to be outweighing the earnings beat, contributing to the stock’s decline. Sempra Q2 Earnings and Revenue

Sempra Energy Price Performance

NYSE SRE opened at $84.06 on Friday. The company has a 50-day moving average price of $91.23 and a 200-day moving average price of $92.30. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The company has a quick ratio of 1.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $54.95 billion, a P/E ratio of 24.36, a PEG ratio of 2.02 and a beta of 0.57.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate 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 was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. 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 anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Sempra Energy's dividend payout ratio (DPR) is currently 89.15%.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm's stock in a transaction 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 approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pablo Ferrero sold 2,600 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 15,423 shares in the company, valued at approximately $1,380,821.19. This represents a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,900 shares of company stock worth $1,261,207 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SRE shares. Truist Financial set a $104.00 price target on shares of Sempra Energy and gave the stock a "buy" rating in a research note on Monday, May 18th. 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. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Morgan Stanley reissued an "overweight" rating and set a $108.00 price target on shares of Sempra Energy in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $104.23.

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.

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