Miller Howard Investments Inc. NY Buys 135,019 Shares of Sempra Energy $SRE

Miller Howard Investments Inc. NY bought a new stake in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 135,019 shares of the utilities provider’s stock, valued at approximately $10,526,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bell Investment Advisors Inc bought a new position in shares of Sempra Energy during the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC purchased a new position in shares of Sempra Energy in the second quarter valued at $25,000. Anchor Investment Management LLC purchased a new position in shares of Sempra Energy in the second quarter valued at $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Sempra Energy in the second quarter valued at $27,000. Finally, Silvant Capital Management LLC bought a new stake in Sempra Energy in the second quarter worth $28,000. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SRE has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Barclays reiterated an “overweight” rating and set a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Thursday, October 15th. BTIG Research set a $100.00 target price on shares of Sempra Energy in a report on Tuesday, October 20th. Finally, TD Cowen started coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Stock Up 0.2%

Shares of NYSE SRE opened at $84.26 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The firm has a market capitalization of $55.10 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.32 and a beta of 0.55. The stock has a 50 day moving average price of $82.36 and a 200 day moving average price of $89.50. Sempra Energy has a 52-week low of $76.21 and a 52-week high of $101.04.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Sell-side analysts expect that Sempra Energy will post 5.13 earnings per share for the current year.

Sempra Energy Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.1%. Sempra Energy’s dividend payout ratio (DPR) is currently 76.23%.

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.