Sempra Energy $SRE Shares Acquired by Corient Private Wealth LLC

Key Points

• Corient Private Wealth LLC increased its Sempra Energy stake by 15.7% in the fourth quarter, adding 70,055 shares to bring its total to 516,938 shares worth about $45.6 million.
• Insider selling was notable, with Diana L. Day and Director Pablo Ferrero selling shares in recent transactions; insiders have sold a total of 15,028 shares over the past 90 days.
• Sempra reported Q1 earnings in line with expectations at $1.51 per share, though revenue missed estimates. The company also declared a quarterly dividend of $0.6575 per share, yielding about 2.9% annually.

Corient Private Wealth LLC grew its position in Sempra Energy (NYSE:SRE - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 516,938 shares of the utilities provider's stock after acquiring an additional 70,055 shares during the quarter. Corient Private Wealth LLC owned about 0.08% of Sempra Energy worth $45,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Peak Financial Advisors LLC grew its stake in Sempra Energy by 190.1% during the 4th quarter. Peak Financial Advisors LLC now owns 26,552 shares of the utilities provider's stock valued at $2,344,000 after acquiring an additional 17,400 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its stake in Sempra Energy by 5.7% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 203,402 shares of the utilities provider's stock worth $18,302,000 after purchasing an additional 11,020 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in Sempra Energy by 5.2% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,143,205 shares of the utilities provider's stock worth $192,846,000 after purchasing an additional 106,380 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Sempra Energy by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider's stock worth $142,702,000 after purchasing an additional 74,749 shares during the last quarter. Finally, Greenland Capital Management LP boosted its holdings in shares of Sempra Energy by 282.4% during the 3rd quarter. Greenland Capital Management LP now owns 107,400 shares of the utilities provider's stock worth $9,664,000 after purchasing an additional 79,314 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of the stock in a transaction dated 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 owned 22,870 shares of the company's stock, valued at $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pablo Ferrero sold 2,600 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $89.53, for a total transaction of $232,778.00. Following the transaction, the director directly owned 15,423 shares of the company's stock, valued at $1,380,821.19. The trade was a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,028 shares of company stock valued at $1,370,273 over the last 90 days. Company insiders own 0.31% of the company's stock.

Sempra Energy Stock Down 0.1%

Shares of NYSE SRE opened at $90.62 on Monday. The company has a market capitalization of $59.24 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.18 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. The company has a 50 day simple moving average of $92.36 and a 200-day simple moving average of $91.68. Sempra Energy has a 1 year low of $73.18 and a 1 year high of $101.04.

Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts' consensus estimates of $1.51. The firm had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share. 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 predict that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on SRE. Wall Street Zen raised Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, June 13th. Truist Financial set a $104.00 price objective on Sempra Energy and gave the stock a "buy" rating in a research note on Monday, May 18th. Morgan Stanley set a $104.00 target price on Sempra Energy and gave the company an "overweight" rating in a report on Tuesday, April 21st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $118.00 target price on shares of Sempra Energy in a research note on Tuesday, April 21st. Finally, BMO Capital Markets reduced their price target on Sempra Energy from $105.00 to $103.00 and set an "outperform" rating on the stock in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sempra Energy currently has an average rating of "Moderate Buy" and an average 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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