Sempra Energy $SRE Stock Sold by M&G PLC

M&G PLC cut its holdings in shares of Sempra Energy (NYSE:SRE) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 570,485 shares of the utilities provider’s stock after selling 89,297 shares during the quarter. M&G PLC’s holdings in Sempra Energy were worth $44,498,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SRE. Bell Investment Advisors Inc bought a new stake in shares of Sempra Energy in the second quarter worth about $25,000. Frazier Financial Advisors LLC bought a new position in shares of Sempra Energy during the second quarter valued at $25,000. Anchor Investment Management LLC bought a new stake in shares of Sempra Energy during the second quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Sempra Energy during the 2nd quarter valued at about $27,000. Finally, Silvant Capital Management LLC purchased a new position in shares of Sempra Energy in the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SRE shares. BTIG Research set a $100.00 price objective on shares of Sempra Energy in a research report on Tuesday, October 20th. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. HSBC assumed coverage on shares of Sempra Energy in a report on Thursday, October 22nd. They issued a “buy” rating and a $97.50 target price for the company. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and reduced their target price for the company from $101.00 to $97.00 in a research note on Tuesday, September 1st. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.47.

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $78.77 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average price is $81.93 and its 200-day moving average price is $89.19. The firm has a market cap of $51.51 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.28 and a beta of 0.55. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.31 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities research analysts expect that Sempra Energy will post 5.14 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.6575 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.3%. Sempra Energy’s dividend payout ratio (DPR) is currently 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.

Through its energy infrastructure business, Sempra has also developed and operated natural gas pipelines, storage facilities and liquefied natural gas projects in the United States and Mexico.