Saudi Central Bank Boosts Stock Holdings in Sempra Energy $SRE

Saudi Central Bank boosted its position in Sempra Energy (NYSE:SRE - Free Report) by 89.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,733 shares of the utilities provider's stock after purchasing an additional 21,642 shares during the period. Saudi Central Bank's holdings in Sempra Energy were worth $4,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Sempra Energy in the 2nd quarter valued at approximately $5,588,577,000. Norges Bank acquired a new position in Sempra Energy during the fourth quarter worth $914,924,000. Bank of America Corp DE acquired a new position in Sempra Energy during the second quarter worth $957,056,000. Deutsche Bank AG purchased a new position in Sempra Energy in the second quarter worth $896,599,000. Finally, Legal & General Group Plc purchased a new position in Sempra Energy in the second quarter worth $538,775,000. Hedge funds and other institutional investors own 89.65% of the company's stock.

Analyst Ratings Changes

SRE has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, August 21st. Mizuho reaffirmed a "neutral" rating and set a $84.00 price target (down from $104.00) on shares of Sempra Energy in a research note on Monday, August 31st. Barclays cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. Truist Financial set a $96.00 price objective on shares of Sempra Energy and gave the company a "buy" rating in a research note on Thursday. Finally, TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Sempra Energy currently has an average rating of "Moderate Buy" and an average target price of $102.00.

Insider Activity at Sempra Energy

In other Sempra Energy news, EVP Caroline Winn sold 8,000 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Sempra Energy Stock Performance

NYSE SRE opened at $83.91 on Monday. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. The company has a market capitalization of $54.87 billion, a P/E ratio of 24.32, a PEG ratio of 2.32 and a beta of 0.55. The business has a 50 day moving average price of $88.74 and a 200 day moving average price of $91.82. 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 (NYSE:SRE - Get Free Report) last posted its earnings results on Thursday, August 6th. The utilities provider reported $1.16 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 return on equity of 8.49% and a net margin of 16.70%.Sempra Energy's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Sell-side analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be 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 of this dividend is Thursday, September 24th. Sempra Energy's payout ratio is 76.23%.

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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