Sempra Energy (NYSE:SRE – Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $79.00 and last traded at $79.8040, with a volume of 250236 shares traded. The stock had previously closed at $80.98.
Wall Street Analysts Forecast Growth
SRE has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial set a $96.00 price target on Sempra Energy and gave the company a “buy” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. cut their price objective on Sempra Energy from $113.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Finally, BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.69.
Check Out Our Latest Stock Report on SRE
Sempra Energy Price Performance
Sempra Energy (NYSE:SRE – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The business’s revenue was down .1% on a year-over-year basis. 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. As a group, research analysts anticipate that Sempra Energy will post 5.12 EPS for the current year.
Sempra Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.6575 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.3%. Sempra Energy’s payout ratio is 76.23%.
Institutional Trading of Sempra Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in Sempra Energy in the second quarter worth about $26,000. Core Capital Management & Research inc. purchased a new stake in shares of Sempra Energy during the 2nd quarter valued at about $250,000. Sequoia Financial Advisors LLC increased its position in shares of Sempra Energy by 1.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 62,622 shares of the utilities provider’s stock valued at $5,806,000 after purchasing an additional 813 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Sempra Energy by 86.5% in the 2nd quarter. Tidal Investments LLC now owns 80,245 shares of the utilities provider’s stock worth $7,440,000 after purchasing an additional 37,212 shares during the period. Finally, Van Hulzen Asset Management LLC boosted its holdings in shares of Sempra Energy by 3.5% in the second quarter. Van Hulzen Asset Management LLC now owns 10,550 shares of the utilities provider’s stock worth $978,000 after buying an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.
About Sempra Energy
Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.
Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.
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