Mesirow Financial Investment Management Inc. Makes New Investment in Sempra Energy $SRE

Mesirow Financial Investment Management Inc. purchased a new position in Sempra Energy (NYSE:SRE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,901 shares of the utilities provider’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Woodley Farra Manion Portfolio Management Inc. bought a new stake in Sempra Energy during the third quarter worth approximately $557,000. Lido Advisors LLC lifted its stake in shares of Sempra Energy by 9.5% during the 3rd quarter. Lido Advisors LLC now owns 26,210 shares of the utilities provider’s stock worth $2,044,000 after acquiring an additional 2,263 shares during the last quarter. Keybank National Association OH bought a new stake in shares of Sempra Energy during the 3rd quarter worth approximately $2,344,000. Searle & CO. purchased a new position in Sempra Energy during the 3rd quarter valued at $468,000. Finally, New York Life Investment Management LLC purchased a new position in Sempra Energy during the 3rd quarter valued at $7,609,000. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Trading Up 1.0%

SRE opened at $78.97 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The firm has a market cap of $51.66 billion, a price-to-earnings ratio of 16.91, a PEG 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. The stock has a fifty day moving average price of $81.65 and a 200-day moving average price of $89.08.

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

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 10th will be issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, December 10th. Sempra Energy’s dividend payout ratio (DPR) is currently 56.32%.

Wall Street Analyst Weigh In

Several brokerages have commented on SRE. HSBC initiated coverage on Sempra Energy in a research report on Thursday, October 22nd. They issued a “buy” rating and a $97.50 price objective on the stock. Morgan Stanley dropped their price objective on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research note 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 for the company in a research report on Tuesday, September 22nd. The Goldman Sachs Group upped their target price on Sempra Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Barclays reissued an “overweight” rating and set a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.

Sempra Energy Company Profile

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.