Oppenheimer & Co. Inc. Makes New Investment in Sempra Energy $SRE

Oppenheimer & Co. Inc. purchased a new position in shares of Sempra Energy (NYSE:SRE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 40,863 shares of the utilities provider’s stock, valued at approximately $3,186,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. bought a new stake in shares of Sempra Energy in the 3rd quarter valued at about $30,000. Park Avenue Securities LLC acquired a new stake in Sempra Energy in the 3rd quarter valued at about $782,000. Miller Howard Investments Inc. NY bought a new position in Sempra Energy during the third quarter worth about $10,526,000. Banque Pictet & Cie SA bought a new position in Sempra Energy during the third quarter worth about $647,000. Finally, V Square Quantitative Management LLC grew its holdings in Sempra Energy by 5.7% during the third quarter. V Square Quantitative Management LLC now owns 29,131 shares of the utilities provider’s stock worth $2,271,000 after purchasing an additional 1,575 shares during the period. 89.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group raised Sempra Energy from a “hold” rating to a “buy” rating and cut their price objective for the company from $101.00 to $97.00 in a research report on Tuesday, September 1st. BTIG Research set a $100.00 target price on Sempra Energy in a research note on Tuesday, October 20th. Truist Financial set a $94.00 target price on Sempra Energy and gave the stock a “buy” rating in a report on Wednesday, October 14th. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley cut their price target on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.53.

Sempra Energy Stock Up 0.3%

Sempra Energy stock opened at $86.13 on Friday. The stock has a market cap of $56.32 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.37 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a twelve month low of $76.21 and a twelve month high of $101.04. The company’s 50-day moving average price is $82.22 and its two-hundred day moving average price is $89.43.

Sempra Energy (NYSE:SRE) last issued 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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. 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. As a group, analysts expect that Sempra Energy will post 5.13 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently announced 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 3.1%. Sempra Energy’s dividend payout ratio (DPR) is 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.