Sempra Energy $SRE Stock Purchased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. boosted its holdings in Sempra Energy (NYSE:SRE) by 13.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,500 shares of the utilities provider’s stock after acquiring an additional 12,000 shares during the period. Sempra Energy comprises about 0.9% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 27th biggest holding. Inspire Trust Co. N.A.’s holdings in Sempra Energy were worth $7,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Confluence Wealth Services Inc. increased its position in Sempra Energy by 21.3% in the third quarter. Confluence Wealth Services Inc. now owns 12,325 shares of the utilities provider’s stock worth $961,000 after buying an additional 2,167 shares during the period. AMG National Trust Bank bought a new stake in Sempra Energy in the third quarter valued at $353,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Sempra Energy during the third quarter valued at $616,000. Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of Sempra Energy during the third quarter valued at $557,000. Finally, Lido Advisors LLC boosted its holdings in shares of Sempra Energy by 9.5% during the third quarter. Lido Advisors LLC now owns 26,210 shares of the utilities provider’s stock valued at $2,044,000 after acquiring an additional 2,263 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SRE shares. JPMorgan Chase & Co. dropped their price objective on shares of Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Truist Financial set a $94.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a research report on Wednesday, October 14th. Barclays reissued an “overweight” rating and set a $90.00 target price (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. Weiss Ratings cut shares of Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Finally, Mizuho lowered shares of Sempra Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $104.00 to $84.00 in a research note on Monday, August 31st. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.47.

Sempra Energy Stock Down 0.5%

SRE opened at $78.42 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.61. The company has a market capitalization of $51.29 billion, a PE ratio of 16.79, a P/E/G ratio of 2.17 and a beta of 0.55. The stock’s fifty day moving average is $81.86 and its 200-day moving average is $89.15. Sempra Energy has a one year low of $76.21 and a one year high of $101.04.

Sempra Energy (NYSE:SRE) last announced its earnings results 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Sempra Energy had a return on equity of 8.84% and a net margin of 22.53%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. 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 predict that Sempra Energy will post 5.14 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Thursday, September 24th. Sempra Energy’s payout ratio is presently 56.32%.

Sempra Energy 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.