296,280 Shares of Sempra Energy $SRE Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new position in Sempra Energy (NYSE:SRE) during the 3rd quarter, Holdings Channel reports. The fund bought 296,280 shares of the utilities provider’s stock, valued at approximately $23,098,000.

Several other large investors also recently added to or reduced their stakes in SRE. BlackRock Inc. purchased a new position in Sempra Energy in the 2nd quarter worth about $5,588,577,000. ABS Investment Management LLC acquired a new position in shares of Sempra Energy during the second quarter worth $5,377,180,000. Bank of America Corp DE grew its stake in shares of Sempra Energy by 16.1% during the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after acquiring an additional 1,441,981 shares during the last quarter. Deutsche Bank AG acquired a new stake in Sempra Energy in the 2nd quarter worth approximately $896,599,000. Finally, Legal & General Group Plc acquired a new stake in shares of Sempra Energy during the second quarter worth $538,775,000. 89.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. BTIG Research set a $100.00 price target on shares of Sempra Energy in a research report on Tuesday, October 20th. Jefferies Financial Group raised Sempra Energy from a “hold” rating to a “buy” rating and cut their target price for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. Weiss Ratings cut Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Finally, LADENBURG THALM/SH SH lowered their target price on shares of Sempra Energy from $98.00 to $89.50 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Sempra Energy has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Price Performance

Shares of NYSE:SRE opened at $86.13 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market cap of $56.32 billion, a P/E ratio of 24.97, a PEG ratio of 2.37 and a beta of 0.55. Sempra Energy has a 52 week low of $76.21 and a 52 week high of $101.04. The company has a 50-day moving average price of $82.22 and a 200 day moving average price of $89.43.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion during 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 business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Research analysts predict that Sempra Energy will post 5.13 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently disclosed 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. 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 presently 76.23%.

Sempra Energy 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.