Nippon Life Global Investors Americas Inc. Makes New $14.99 Million Investment in Sempra Energy $SRE

Nippon Life Global Investors Americas Inc. purchased a new stake in shares of Sempra Energy (NYSE:SRE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 190,840 shares of the utilities provider’s stock, valued at approximately $14,991,000.

Other hedge funds also recently modified their holdings of the company. Bridgewater Advisors Inc. lifted its position in Sempra Energy by 2.2% in the 1st quarter. Bridgewater Advisors Inc. now owns 6,614 shares of the utilities provider’s stock worth $643,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 158 shares during the period. CX Institutional raised its holdings in Sempra Energy by 3.9% in the 2nd quarter. CX Institutional now owns 4,204 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 158 shares in the last quarter. Grove Bank & Trust raised its position in shares of Sempra Energy by 1.9% in the 3rd quarter. Grove Bank & Trust now owns 8,375 shares of the utilities provider’s stock worth $653,000 after acquiring an additional 159 shares in the last quarter. Finally, Ipsen Advisor Group LLC increased its stake in shares of Sempra Energy by 1.9% in the 1st 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 in the last quarter. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the topic of several analyst reports. LADENBURG THALM/SH SH cut their target price 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. Truist Financial set a $94.00 price target on Sempra Energy and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Morgan Stanley cut their target price on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, September 18th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group raised Sempra Energy from a “hold” rating to a “buy” rating and cut their price objective for the stock from $101.00 to $97.00 in a research report on Tuesday, September 1st. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.53.

Sempra Energy Stock Performance

Shares of SRE stock opened at $86.13 on Monday. The firm has a market capitalization of $56.32 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. 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 50 day moving average price of $82.22 and a 200 day moving average price of $89.43.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $3.14 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The firm’s quarterly 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. Sell-side analysts anticipate that Sempra Energy will post 5.13 EPS for the current year.

Sempra Energy Announces Dividend

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

Sempra Energy Company 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.