Sempra Energy $SRE Holdings Cut by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its position in Sempra Energy (NYSE:SRE) by 26.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,897 shares of the utilities provider’s stock after selling 15,033 shares during the period. Machina Capital S.A.S.’s holdings in Sempra Energy were worth $3,188,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bridgewater Advisors Inc. increased its holdings in shares of Sempra Energy by 2.2% in the first quarter. Bridgewater Advisors Inc. now owns 6,614 shares of the utilities provider’s stock worth $643,000 after purchasing an additional 140 shares during the period. Ashton Thomas Private Wealth LLC raised its position in shares of Sempra Energy by 4.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,040 shares of the utilities provider’s stock worth $315,000 after buying an additional 156 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Sempra Energy by 5.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,876 shares of the utilities provider’s stock worth $267,000 after buying an additional 158 shares in the last quarter. CX Institutional boosted its stake in Sempra Energy by 3.9% during the second quarter. CX Institutional now owns 4,204 shares of the utilities provider’s stock valued at $390,000 after buying an additional 158 shares during the period. Finally, Grove Bank & Trust boosted its stake in Sempra Energy by 1.9% during the third quarter. Grove Bank & Trust now owns 8,375 shares of the utilities provider’s stock valued at $653,000 after buying an additional 159 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

SRE stock opened at $78.33 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.59. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The stock has a market cap of $51.24 billion, a PE ratio of 16.77, a P/E/G ratio of 2.15 and a beta of 0.55. The firm has a 50 day simple moving average of $81.75 and a two-hundred day simple moving average of $89.12.

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

Sempra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be paid a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, December 10th. Sempra Energy’s dividend payout ratio is currently 56.32%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SRE shares. Morgan Stanley reduced their target price on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Ladenburg Thalmann & Co. Inc. decreased their target price on Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Scotiabank initiated coverage on Sempra Energy in a report on Tuesday, September 29th. They issued a “sector perform” rating and a $83.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $99.47.

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.