155,488 Shares of Sempra Energy $SRE Purchased by ProShare Advisors LLC

ProShare Advisors LLC purchased a new position in shares of Sempra Energy (NYSE:SRE) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 155,488 shares of the utilities provider’s stock, valued at approximately $12,122,000.

A number of other large investors have also recently made changes to their positions in SRE. BlackRock Inc. bought a new position in Sempra Energy during the 2nd quarter valued at about $5,588,577,000. Bank of America Corp DE bought a new stake in Sempra Energy in the second quarter worth about $957,056,000. Deutsche Bank AG bought a new stake in Sempra Energy in the second quarter worth about $896,599,000. Legal & General Group Plc purchased a new position in shares of Sempra Energy during the second quarter valued at approximately $538,775,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Sempra Energy during the second quarter valued at approximately $465,202,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Trading Down 0.9%

Shares of SRE opened at $85.19 on Wednesday. Sempra Energy has a 1-year low of $76.21 and a 1-year high of $101.04. The company has a 50-day moving average of $82.30 and a 200 day moving average of $89.38. The firm has a market capitalization of $55.71 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm 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, research analysts expect that Sempra Energy will post 5.13 EPS for the current year.

Sempra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings cut Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Barclays reissued an “overweight” rating and set a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. HSBC initiated coverage on Sempra Energy in a report on Thursday, October 22nd. They set a “buy” rating and a $97.50 price objective for the company. Finally, Truist Financial set a $94.00 price objective on Sempra Energy and gave the company a “buy” rating in a research report on Wednesday, October 14th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.53.

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.