Paradigm Asset Management Co. LLC Makes New Investment in Sempra Energy $SRE

Paradigm Asset Management Co. LLC acquired a new position in Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,600 shares of the utilities provider’s stock, valued at approximately $670,000.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Sempra Energy in the second quarter valued at $5,588,577,000. ABS Investment Management LLC purchased a new stake in shares of Sempra Energy during the 2nd quarter worth $5,377,180,000. Bank of America Corp DE grew its stake in shares of Sempra Energy by 16.1% during the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after purchasing an additional 1,441,981 shares during the period. Deutsche Bank AG acquired a new position in shares of Sempra Energy during the 2nd quarter worth $896,599,000. Finally, Legal & General Group Plc acquired a new position in shares of Sempra Energy during the 2nd quarter worth $538,775,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SRE shares. Ladenburg Thalmann & Co. Inc. cut 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. BTIG Research set a $100.00 price objective on shares of Sempra Energy in a report on Tuesday, October 20th. Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $101.00 to $97.00 in a report on Tuesday, September 1st. Morgan Stanley lowered their target price on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Finally, Weiss Ratings cut shares of Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.47.

Sempra Energy Stock Performance

Shares of SRE stock opened at $78.33 on Thursday. The stock has a fifty day moving average price of $81.75 and a 200 day moving average price of $89.12. 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 stock has a market cap of $51.24 billion, a PE ratio of 16.77, a P/E/G ratio of 2.15 and a beta of 0.55. Sempra Energy has a 1 year low of $76.21 and a 1 year high of $101.04.

Sempra Energy (NYSE:SRE) last posted 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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.31 billion. Sempra Energy had a return on equity of 8.84% and a net margin of 22.53%. Sempra Energy’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Sell-side analysts forecast that Sempra Energy will post 5.15 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 10th will be paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, December 10th. Sempra Energy’s payout ratio is 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.