164,016 Shares in Sempra Energy $SRE Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sempra Energy (NYSE:SRE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 164,016 shares of the utilities provider’s stock, valued at approximately $12,787,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SRE. Pure Financial Advisors LLC purchased a new position in Sempra Energy during the 2nd quarter worth $4,555,000. Carnegie Investment Counsel increased its stake in shares of Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after buying an additional 22,408 shares during the period. Magellan Asset Management Ltd increased its stake in shares of Sempra Energy by 4.2% during 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 buying an additional 91,519 shares during the period. Bank of America Corp DE raised its holdings in shares of 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 raised its holdings in shares of Sempra Energy by 7.1% in the first 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 in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Price Performance

SRE opened at $85.19 on Wednesday. The firm has a market capitalization of $55.71 billion, a PE ratio of 24.69, a price-to-earnings-growth 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. The business’s 50-day moving average is $82.30 and its two-hundred day moving average is $89.38. Sempra Energy has a 1 year low of $76.21 and a 1 year high of $101.04.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 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. Research analysts anticipate that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were paid a dividend of $0.6575 per share. 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 payout ratio is 76.23%.

Analyst Ratings Changes

SRE has been the subject of a number of research reports. Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. The Goldman Sachs Group boosted their price target on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. LADENBURG THALM/SH SH reduced their price target 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. Barclays reaffirmed an “overweight” rating and issued a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Finally, Morgan Stanley dropped their price objective on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.