VCI Wealth Management LLC Acquires New Shares in Sempra Energy $SRE

VCI Wealth Management LLC purchased a new stake in Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,237 shares of the utilities provider’s stock, valued at approximately $2,045,000.

Several other institutional investors and hedge funds have also modified their holdings of SRE. Pure Financial Advisors LLC bought a new stake in shares of Sempra Energy during the second quarter worth $4,555,000. Carnegie Investment Counsel increased its position in shares of 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 acquiring an additional 22,408 shares during the last quarter. Magellan Asset Management Ltd raised its stake in shares of Sempra Energy by 4.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock worth $219,446,000 after purchasing an additional 91,519 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 worth $1,009,127,000 after buying an additional 1,441,981 shares during the last quarter. Finally, Swiss National Bank raised its position in Sempra Energy by 7.1% during the first quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider’s stock worth $186,119,000 after acquiring an additional 127,400 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Stock Performance

NYSE:SRE opened at $86.03 on Tuesday. The firm has a market capitalization of $56.25 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.33 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 stock’s 50-day simple moving average is $82.29 and its 200 day simple moving average is $89.41. Sempra Energy has a twelve month low of $76.21 and a twelve month high of $101.04.

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 analysts’ consensus estimates 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 firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior 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. On average, analysts anticipate that Sempra Energy will post 5.13 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The company 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 dividend payout ratio is currently 76.23%.

Analyst Ratings Changes

A number of brokerages have commented on SRE. 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. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Scotiabank initiated coverage on shares of Sempra Energy in a research report on Tuesday, September 29th. They issued a “sector perform” rating and a $83.00 price target for the company. Finally, HSBC initiated coverage on Sempra Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $97.50 price target for the company. Fourteen research 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, the stock currently has an average rating of “Moderate Buy” and an average target price 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.