Parcion Private Wealth LLC lifted its position in Sempra Energy (NYSE:SRE – Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,661 shares of the utilities provider’s stock after acquiring an additional 5,872 shares during the quarter. Parcion Private Wealth LLC’s holdings in Sempra Energy were worth $4,261,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgewater Advisors Inc. increased its stake in Sempra Energy by 2.2% in the 1st quarter. Bridgewater Advisors Inc. now owns 6,614 shares of the utilities provider’s stock valued at $643,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Sempra Energy by 5.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,876 shares of the utilities provider’s stock valued at $267,000 after acquiring an additional 158 shares during the last quarter. CX Institutional lifted its holdings in Sempra Energy by 3.9% during the second quarter. CX Institutional now owns 4,204 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 158 shares during the period. Grove Bank & Trust lifted its holdings in Sempra Energy by 1.9% during the third quarter. Grove Bank & Trust now owns 8,375 shares of the utilities provider’s stock worth $653,000 after acquiring an additional 159 shares during the period. Finally, Ipsen Advisor Group LLC lifted its holdings in Sempra Energy by 1.9% during the first quarter. Ipsen Advisor Group LLC now owns 9,696 shares of the utilities provider’s stock worth $942,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.
Sempra Energy Stock Performance
NYSE SRE opened at $86.13 on Friday. The firm has a market cap of $56.32 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $82.22 and its 200-day moving average is $89.43. Sempra Energy has a 12-month low of $76.21 and a 12-month high of $101.04.
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, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the business earned $0.89 EPS. Sempra Energy’s revenue was down .1% compared to the same quarter last year. 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 predict that Sempra Energy will post 5.13 earnings per share for the current year.
Sempra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were issued a dividend of $0.6575 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.1%. Sempra Energy’s dividend payout ratio is 76.23%.
Analyst Ratings Changes
A number of research firms have recently commented on SRE. The Goldman Sachs Group lifted their target price on Sempra Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. LADENBURG THALM/SH SH reduced their price target on shares of Sempra Energy from $98.00 to $89.50 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Mizuho downgraded shares of Sempra Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $104.00 to $84.00 in a report on Monday, August 31st. JPMorgan Chase & Co. lowered their price objective on shares of Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Finally, BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $100.53.
Read Our Latest Research Report on SRE
Sempra Energy Profile
Sempra is an energy infrastructure company headquartered in San Diego, California. Through its regulated utility businesses, the company provides natural gas and electric service to customers in California, including through Southern California Gas Company and San Diego Gas & Electric Company.
Sempra also develops, owns, and operates energy infrastructure in North America. Its activities include natural gas pipelines and storage, liquefied natural gas infrastructure, renewable energy and battery storage projects, and electric transmission and distribution assets.
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