Rep. Robert Bresnahan, Jr. Sells Sempra (NYSE:SRE) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Sempra (NYSE:SRE). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Sempra stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Sempra Trading Down 0.6 %

NYSE SRE opened at $69.65 on Friday. The company has a market capitalization of $45.37 billion, a PE ratio of 15.34, a P/E/G ratio of 2.19 and a beta of 0.76. The stock has a 50-day simple moving average of $77.23 and a 200 day simple moving average of $83.13. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a 12 month low of $64.89 and a 12 month high of $95.77.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Research analysts forecast that Sempra will post 4.76 EPS for the current year.

Sempra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 20th will be paid a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from Sempra’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 20th. Sempra’s payout ratio is 58.37%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Sempra from $88.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Sempra from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets decreased their price target on Sempra from $92.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $77.00 price target (down previously from $96.00) on shares of Sempra in a research note on Monday, March 3rd. Finally, Barclays lowered shares of Sempra from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $95.00 to $72.00 in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SRE. Norges Bank bought a new stake in shares of Sempra in the 4th quarter valued at about $1,535,000,000. Wellington Management Group LLP boosted its holdings in Sempra by 11.9% in the fourth quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider’s stock worth $3,369,076,000 after acquiring an additional 4,082,261 shares in the last quarter. Invesco Ltd. increased its stake in Sempra by 70.6% during the 4th quarter. Invesco Ltd. now owns 6,666,240 shares of the utilities provider’s stock valued at $584,763,000 after purchasing an additional 2,758,037 shares in the last quarter. Janus Henderson Group PLC increased its stake in Sempra by 71.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,651,923 shares of the utilities provider’s stock valued at $408,069,000 after purchasing an additional 1,936,865 shares in the last quarter. Finally, FMR LLC raised its holdings in Sempra by 9.1% in the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after buying an additional 1,582,653 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Transactions at Sempra

In other news, Director Michael N. Mears acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $67.70 per share, for a total transaction of $67,700.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $338,500. The trade was a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the sale, the senior vice president now owns 13,905 shares in the company, valued at approximately $1,139,236.65. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 9,319 shares of company stock worth $651,676. Corporate insiders own 0.24% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Sempra

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.