Northwestern Mutual Wealth Management Co. Makes New Investment in Sempra Energy $SRE

Key Points

• Northwestern Mutual Wealth Management purchased 20,137 shares of Sempra Energy worth approximately $1.87 million during the second quarter. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.01 consensus estimate, while revenue totaled $3 billion. The company also maintained its dividend at $0.6575 per share, representing a 3.1% annualized yield.
• Analysts hold a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $102, compared with the stock’s reported price of $83.91.

Northwestern Mutual Wealth Management Co. bought a new stake in Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,137 shares of the utilities provider's stock, valued at approximately $1,867,000.

Several other institutional investors have also bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in Sempra Energy by 52.5% during the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider's stock worth $1,285,000 after acquiring an additional 6,196 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider's stock valued at $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider's stock valued at $1,114,000 after purchasing an additional 858 shares during the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 339 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider's stock valued at $32,072,000 after purchasing an additional 188,131 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Insider Activity

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 shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company's stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by company insiders.

Sempra Energy Stock Performance

NYSE:SRE opened at $83.91 on Friday. The company has a market capitalization of $54.87 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.34 and a beta of 0.55. The business has a fifty day simple moving average of $88.74 and a two-hundred day simple moving average of $91.84. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm's quarterly revenue was down .1% 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 4.800-5.300 EPS. On average, analysts expect that Sempra Energy will post 5.12 earnings per share for the current 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 paid a $0.6575 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. Sempra Energy's dividend payout ratio (DPR) is presently 76.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SRE shares. Truist Financial set a $96.00 price objective on shares of Sempra Energy and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Sempra Energy from $113.00 to $102.00 and set an "overweight" rating on the stock in a research note on Wednesday. Barclays reduced their target price on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. Morgan Stanley dropped their price target on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.00.

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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