Sempra Energy $SRE Shares Newly Acquired by Profund Advisors LLC

Profund Advisors LLC bought a new position in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,607 shares of the utilities provider’s stock, valued at approximately $1,529,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SRE. Pure Financial Advisors LLC acquired a new stake in Sempra Energy during the second quarter worth $4,555,000. Carnegie Investment Counsel raised its position in Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after purchasing an additional 22,408 shares during the period. Magellan Asset Management Ltd lifted its stake in shares of Sempra Energy by 4.2% in the 1st quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after purchasing an additional 91,519 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Sempra Energy by 16.1% in the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after purchasing an additional 1,441,981 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Sempra Energy by 7.1% in the 1st quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider’s stock valued at $186,119,000 after purchasing an additional 127,400 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Trading Down 0.0%

Shares of NYSE:SRE opened at $86.03 on Tuesday. Sempra Energy has a 52 week low of $76.21 and a 52 week high of $101.04. The company’s 50 day moving average is $82.29 and its two-hundred day moving average is $89.41. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The company has a market cap of $56.25 billion, a PE ratio of 24.93, a P/E/G ratio of 2.33 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. 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. Equities analysts predict that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were given a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s dividend payout ratio is currently 76.23%.

Analysts Set New Price Targets

Several research firms have recently commented on SRE. BTIG Research set a $100.00 price target on Sempra Energy in a research report on Tuesday, October 20th. Barclays reissued an “overweight” rating and set a $90.00 target price (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. HSBC initiated coverage on Sempra Energy in a report on Thursday, October 22nd. They set a “buy” rating and a $97.50 price target on the stock. TD Cowen assumed coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating on the stock. Finally, Morgan Stanley decreased their price objective on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy has an average rating of “Moderate Buy” and an average price target of $100.53.

About Sempra Energy

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.