Sempra Energy $SRE Position Lifted by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its Sempra stake by 14.8% in the third quarter, adding 606,600 shares to hold about 4.7 million shares worth $366.4 million. Institutional investors own 89.65% of the company’s stock.
• Sempra’s third-quarter adjusted EPS of $1.40 beat the $1.22 analyst consensus, while revenue of $3.19 billion came in below the $3.31 billion estimate. The company expects to reach the high end of its 2026 adjusted EPS guidance of $4.80–$5.30.
• Analyst sentiment is broadly positive: 14 analysts rate Sempra a Buy and five a Hold, with a consensus price target of $99.47. The shares also carry a 3.4% dividend yield.

Pictet Asset Management Holding SA grew its holdings in shares of Sempra Energy (NYSE:SRE - Free Report) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,700,225 shares of the utilities provider's stock after buying an additional 606,600 shares during the period. Pictet Asset Management Holding SA owned 0.72% of Sempra Energy worth $366,430,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pure Financial Advisors LLC purchased a new position in shares of Sempra Energy in the second quarter worth $4,555,000. Carnegie Investment Counsel lifted its holdings in shares of Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after purchasing an additional 22,408 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Sempra Energy by 4.2% during the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock valued at $219,446,000 after purchasing an additional 91,519 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Sempra Energy by 16.1% during the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider's stock valued at $1,009,127,000 after buying an additional 1,441,981 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Sempra Energy by 7.1% during the first quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider's stock valued at $186,119,000 after buying an additional 127,400 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on SRE. Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. LADENBURG THALM/SH SH decreased their target price on Sempra Energy from $98.00 to $89.50 and set a "buy" rating for the company in a research report on Tuesday, September 22nd. Jefferies Financial Group raised shares of Sempra Energy from a "hold" rating to a "buy" rating and dropped their price target for the company from $101.00 to $97.00 in a report on Tuesday, September 1st. JPMorgan Chase & Co. dropped their price target on shares of Sempra Energy from $102.00 to $99.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. Finally, HSBC started coverage on shares of Sempra Energy in a research note on Thursday, October 22nd. They issued a "buy" rating and a $97.50 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.47.

Trending Headlines about Sempra Energy

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

• Positive Sentiment: Third-quarter adjusted EPS rose to $1.40 from $1.11 a year earlier, beating the $1.22 analyst consensus. Sempra said it expects to reach the high end of its 2026 adjusted EPS guidance range. Sempra third-quarter results
• Positive Sentiment: Oncor’s third-quarter net income increased to $572 million from $380 million, supported by new base rates, customer growth and higher consumption. Sempra also announced an expected 20% increase to Oncor’s base capital plan, signaling additional investment in its regulated utility business. Oncor third-quarter results
• Neutral Sentiment: Sempra’s 2026 EPS guidance is $4.80–$5.30, and its 2027 range is $5.10–$5.70. Both range midpoints are below consensus estimates, although the company expects to reach the high end of its 2026 range and both upper bounds exceed consensus.
• Negative Sentiment: Revenue of $3.19 billion fell short of the $3.31 billion analyst estimate, despite increasing 1.3% year over year. This weaker top-line result may have tempered the positive reaction to the EPS beat. Sempra Q3 earnings and revenue

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $78.16 on Friday. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.62 and a current ratio of 1.61. The stock has a market cap of $51.11 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.15 and a beta of 0.55. The stock's fifty day moving average is $82.04 and its 200 day moving average is $89.23.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.18. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.31 billion. Sempra Energy had a return on equity of 8.84% and a net margin of 22.53%. The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. 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 anticipate that Sempra Energy will post 5.14 earnings per share for the current year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid a $0.6575 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.4%. Sempra Energy's dividend payout ratio is 76.23%.

Sempra Energy Company Profile

Sempra is a North American energy infrastructure company headquartered in San Diego, California. Formed in 1998 through the merger of Pacific Enterprises and Enova Corporation, the company develops and operates regulated utilities and energy infrastructure.

In California, Sempra's utilities include San Diego Gas & Electric and Southern California Gas Company, which provide electricity and natural gas services to homes and businesses. In Texas, its operations include an ownership interest in Oncor, an electric transmission and distribution company.

Through its energy infrastructure business, Sempra has also developed and operated natural gas pipelines, storage facilities and liquefied natural gas projects in the United States and Mexico.

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.