Sempra Energy $SRE Shares Newly Purchased by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC purchased a new position in Sempra Energy (NYSE:SRE) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 8,319 shares of the utilities provider’s stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRE. Pure Financial Advisors LLC acquired a new stake in shares of Sempra Energy during the second quarter worth approximately $4,555,000. Carnegie Investment Counsel raised its holdings in 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 in the last quarter. Magellan Asset Management Ltd raised its holdings in Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after acquiring an additional 91,519 shares in the last quarter. Bank of America Corp DE raised its holdings in Sempra Energy by 16.1% in the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after acquiring an additional 1,441,981 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Sempra Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider’s stock valued at $186,119,000 after acquiring an additional 127,400 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SRE shares. LADENBURG THALM/SH SH decreased their price objective on shares of Sempra Energy from $98.00 to $89.50 and set a “buy” rating for the company in a report on Tuesday, September 22nd. The Goldman Sachs Group upped their target price on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. TD Cowen started coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating on the stock. BTIG Research set a $100.00 price target on Sempra Energy in a research note on Tuesday, October 20th. Finally, Barclays reiterated an “overweight” rating and issued a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $100.53.

Sempra Energy Trading Up 0.3%

NYSE SRE opened at $86.13 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The company has a 50-day simple moving average of $82.22 and a 200-day simple moving average of $89.43. The firm has a market capitalization of $56.32 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping 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 analyst estimates of $3.14 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. Sempra Energy’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. On average, equities analysts forecast that Sempra Energy will post 5.13 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.6575 per share. 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 76.23%.

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.