Ilmarinen Mutual Pension Insurance Co Boosts Position in Sempra Energy $SRE

Key Points

• Ilmarinen Mutual Pension Insurance Co boosted its Sempra Energy stake by 207.4% in the fourth quarter, adding 70,500 shares to bring its total to 104,500 shares worth about $9.2 million.
• Sempra Energy reported Q1 earnings of $1.51 per share, matching analyst expectations, though revenue of $3.66 billion came in below estimates and fell 3.9% from a year earlier.
• The company declared a quarterly dividend of $0.6575 per share, equal to an annualized yield of 2.9%, while analysts maintain a generally positive outlook with a consensus rating of Moderate Buy.

Ilmarinen Mutual Pension Insurance Co increased its stake in Sempra Energy (NYSE:SRE - Free Report) by 207.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,500 shares of the utilities provider's stock after buying an additional 70,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Sempra Energy were worth $9,226,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SRE. Vanguard Group Inc. increased its position in Sempra Energy by 14.2% during the 3rd quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider's stock valued at $6,813,784,000 after purchasing an additional 9,396,652 shares during the period. JPMorgan Chase & Co. increased its position in Sempra Energy by 106.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider's stock valued at $938,325,000 after purchasing an additional 5,374,277 shares during the period. Capital International Investors increased its position in Sempra Energy by 9.2% during the 3rd quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider's stock valued at $4,865,115,000 after purchasing an additional 4,572,312 shares during the period. Invesco Ltd. increased its position in Sempra Energy by 40.1% during the 3rd quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider's stock valued at $937,512,000 after purchasing an additional 2,984,409 shares during the period. Finally, Bessemer Group Inc. increased its position in Sempra Energy by 20,627.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,898,675 shares of the utilities provider's stock valued at $170,842,000 after purchasing an additional 1,889,515 shares during the period. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Down 1.4%

SRE stock opened at $90.03 on Friday. Sempra Energy has a 52 week low of $73.06 and a 52 week 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 stock has a market capitalization of $58.85 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.45 and a beta of 0.60. The firm has a 50 day moving average of $94.25 and a 200 day moving average of $91.92.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 $3.66 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the firm posted $1.44 EPS. Sempra Energy's revenue for the quarter 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. Sell-side analysts forecast that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.6575 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a yield of 2.9%. Sempra Energy's dividend payout ratio (DPR) is currently 89.15%.

Insider Activity at Sempra Energy

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the transaction, the insider directly owned 22,870 shares of the company's stock, valued at approximately $2,107,013.10. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Karen L. Sedgwick sold 4,872 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $92.58, for a total transaction of $451,049.76. Following the transaction, the chief financial officer directly owned 39,029 shares of the company's stock, valued at $3,613,304.82. This represents a 11.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 6,192 shares of company stock worth $576,979 and sold 13,439 shares worth $1,243,713. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SRE. Wells Fargo & Company reissued an "overweight" rating and set a $118.00 target price on shares of Sempra Energy in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on shares of Sempra Energy from $98.00 to $106.00 and gave the company an "overweight" rating in a research report on Wednesday, March 18th. Morgan Stanley set a $104.00 target price on shares of Sempra Energy and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Sempra Energy from a "hold" rating to a "sell" rating in a report on Sunday, May 10th. Finally, BMO Capital Markets cut their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Sempra Energy has an average rating of "Moderate Buy" and a consensus target price of $102.67.

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.

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