Mirae Asset Global Investments Co. Ltd. Buys 164,016 Shares of Sempra Energy $SRE

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sempra Energy (NYSE:SRE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 164,016 shares of the utilities provider’s stock, valued at approximately $12,787,000.

Other hedge funds also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC acquired a new stake in Sempra Energy in the second quarter worth about $4,555,000. Carnegie Investment Counsel increased its holdings in shares of Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after acquiring an additional 22,408 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Sempra Energy by 4.2% during the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after acquiring an additional 91,519 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Sempra Energy by 16.1% during the first 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 acquiring an additional 1,441,981 shares in the last quarter. Finally, Swiss National Bank raised its position 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SRE has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and lowered their target price for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research set a $100.00 price target on shares of Sempra Energy in a research note on Tuesday, October 20th. Weiss Ratings cut shares of Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Finally, Morgan Stanley lowered their price objective on shares of 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Stock Down 0.9%

Sempra Energy stock opened at $85.19 on Wednesday. The business’s 50-day simple moving average is $82.30 and its two-hundred day simple moving average is $89.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The company has a market cap of $55.71 billion, a PE ratio of 24.69, a PEG ratio of 2.37 and a beta of 0.55. Sempra Energy has a fifty-two week low of $76.21 and a fifty-two week high of $101.04.

Sempra Energy (NYSE:SRE) last announced 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. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business posted $0.89 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Sempra Energy will post 5.13 EPS for the current year.

Sempra Energy Announces Dividend

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

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.