Hilltop Holdings Inc. Has $417,000 Position in Sempra Energy $SRE

Hilltop Holdings Inc. lessened its holdings in shares of Sempra Energy (NYSE:SRE - Free Report) by 89.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,295 shares of the utilities provider's stock after selling 38,161 shares during the period. Hilltop Holdings Inc.'s holdings in Sempra Energy were worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SRE. Modern Wealth Management LLC bought a new position in shares of Sempra Energy in the first quarter valued at about $260,000. Arrowstreet Capital Limited Partnership bought a new stake in Sempra Energy during the 1st quarter worth about $57,043,000. Caxton Associates LLP acquired a new stake in Sempra Energy in the 1st quarter valued at about $351,000. Bank of Nova Scotia increased its position in Sempra Energy by 166.1% in the 1st quarter. Bank of Nova Scotia now owns 772,584 shares of the utilities provider's stock valued at $75,072,000 after acquiring an additional 482,198 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Sempra Energy by 5.3% in the first quarter. Sei Investments Co. now owns 484,646 shares of the utilities provider's stock worth $47,092,000 after acquiring an additional 24,533 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sempra Energy

In other 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 value of $304,029.00. Following the sale, the insider directly owned 22,870 shares in the company, valued at $2,107,013.10. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Caroline Ann Winn sold 8,000 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,900 shares of company stock valued at $1,261,207 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

Sempra Energy Stock Down 1.9%

Sempra Energy stock opened at $91.20 on Tuesday. The stock has a market capitalization of $59.62 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 2.23 and a beta of 0.56. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $91.95 and a 200-day moving average of $92.47.

Sempra Energy (NYSE:SRE - Get Free Report) last issued 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. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The firm'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. On average, equities research analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, June 25th. Sempra Energy's dividend payout ratio is 89.15%.

Wall Street Analyst Weigh In

SRE has been the topic of a number of research reports. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. Morgan Stanley restated an "overweight" rating and issued a $108.00 price objective on shares of Sempra Energy in a research report on Wednesday, July 22nd. Truist Financial set a $104.00 price objective on Sempra Energy and gave the stock a "buy" rating in a report on Monday, May 18th. Finally, Barclays lowered their target price on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Sempra Energy has an average rating of "Moderate Buy" and an average target price of $104.23.

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.