8,600 Shares of Sempra Energy $SRE Purchased by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC purchased a new stake in Sempra Energy (NYSE:SRE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,600 shares of the utilities provider’s stock, valued at approximately $670,000.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Sempra Energy during the 2nd quarter worth approximately $5,588,577,000. Bank of America Corp DE acquired a new position in shares of Sempra Energy during the 2nd quarter worth approximately $957,056,000. Deutsche Bank AG acquired a new position in shares of Sempra Energy during the 2nd quarter worth approximately $896,599,000. Legal & General Group Plc purchased a new stake in Sempra Energy in the 2nd quarter valued at approximately $538,775,000. Finally, Bank of New York Mellon Corp purchased a new stake in Sempra Energy in the 2nd quarter valued at approximately $465,202,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SRE. BTIG Research set a $100.00 target price on Sempra Energy in a report on Tuesday, October 20th. The Goldman Sachs Group boosted their price target on Sempra Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Ladenburg Thalmann & Co. Inc. reduced their price objective on Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Morgan Stanley reduced their price objective on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Finally, Mizuho lowered Sempra Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $104.00 to $84.00 in a research note on Monday, August 31st. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.47.

Sempra Energy Stock Performance

Shares of NYSE SRE opened at $78.33 on Thursday. The company has a 50-day simple moving average of $81.75 and a 200-day simple moving average of $89.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.59. The company has a market cap of $51.24 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.55. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.31 billion. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. 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. On average, equities analysts anticipate that Sempra Energy will post 5.15 earnings per share for the current year.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be issued a $0.6575 dividend. The ex-dividend date is Thursday, December 10th. This represents a $2.63 annualized dividend and a yield of 3.4%. Sempra Energy’s payout ratio is 56.32%.

About Sempra Energy

Sempra is a North American energy infrastructure company headquartered in San Diego, California. Formed in 1998 through the merger of Pacific Enterprises and Enova Corporation, the company develops and operates regulated utilities and energy infrastructure. In California, Sempra’s utilities include San Diego Gas & Electric and Southern California Gas Company, which provide electricity and natural gas services to homes and businesses. In Texas, its operations include an ownership interest in Oncor, an electric transmission and distribution company.