Duff & Phelps Reduces Sempra Energy Holdings

Investment firm cuts stake in utility provider by 2.6% in Q4

Apr. 17, 2026 at 8:35am

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A cinematic close-up of gleaming, industrial-scale machinery and equipment, representing the physical assets and financial security of major utility companies.Duff & Phelps' reduced stake in Sempra Energy reflects the investment firm's evolving portfolio strategy for the California utility provider.San Diego Today

Duff & Phelps Investment Management Co. reduced its holdings in Sempra Energy (NYSE: SRE) by 56,586 shares, or 2.6%, in the fourth quarter, according to a recent SEC filing. The institutional investor now owns approximately 2.1 million shares of the utility provider's stock, valued at $184.2 million.

Why it matters

Duff & Phelps' move to trim its Sempra Energy position provides insight into the investment firm's portfolio strategy and outlook on the utility sector. Sempra Energy is a major player in the California energy market, so changes to its shareholder base can impact the company's operations and future plans.

The details

According to the SEC filing, Duff & Phelps sold 56,586 shares of Sempra Energy in Q4 2025, reducing its total stake to 2,086,619 shares. This represents about 0.32% ownership of the $62.6 billion utility company. Sempra Energy is the sixth-largest holding in Duff & Phelps' investment portfolio.

  • Duff & Phelps made the share sale in Q4 2025.
  • Sempra Energy's stock price opened at $95.79 on the day of the filing.

The players

Duff & Phelps Investment Management Co.

An institutional investment firm that manages over $100 billion in assets, with a focus on utilities, energy, and other infrastructure sectors.

Sempra Energy

A San Diego-based energy infrastructure company that develops, owns, and operates businesses delivering electricity and natural gas, including regulated utility services and non-regulated infrastructure projects.

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The takeaway

Duff & Phelps' reduction in its Sempra Energy holdings suggests the investment firm may be rebalancing its portfolio or taking a more cautious view on the utility sector. However, Sempra Energy remains a significant position in the firm's overall strategy, indicating the company's continued importance in the California energy landscape.