1,403,980 Shares of Sempra Energy $SRE Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought a new stake in Sempra Energy (NYSE:SRE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,403,980 shares of the utilities provider’s stock, valued at approximately $109,454,000.

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

Sempra Energy Trading Down 0.0%

Shares of Sempra Energy stock opened at $86.03 on Tuesday. 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 has a 1 year low of $76.21 and a 1 year high of $101.04. The company has a market capitalization of $56.25 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.33 and a beta of 0.55. The business has a 50 day moving average price of $82.29 and a 200 day moving average price of $89.41.

Sempra Energy (NYSE:SRE) last posted its 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. Sempra Energy’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company 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. Sell-side analysts anticipate that Sempra Energy will post 5.13 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders 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 3.1%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s payout ratio is 76.23%.

Analyst Ratings Changes

A number of research firms have commented on SRE. Weiss Ratings downgraded Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. BTIG Research set a $100.00 price target on Sempra Energy in a research report on Tuesday, October 20th. Mizuho cut 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 report on Monday, August 31st. TD Cowen initiated coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating for the company. Finally, Barclays reiterated an “overweight” rating and issued a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.53.

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.