Sempra Energy $SRE Shares Newly Bought by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new stake in shares of Sempra Energy (NYSE:SRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,603 shares of the utilities provider’s stock, valued at approximately $7,609,000.

A number of other institutional investors have also recently made changes to their positions in SRE. Fulcrum Asset Management LLP acquired a new position in Sempra Energy during the third quarter worth about $490,000. Hohimer Wealth Management LLC grew its stake in shares of Sempra Energy by 2,429.1% in the third quarter. Hohimer Wealth Management LLC now owns 57,461 shares of the utilities provider’s stock worth $4,370,000 after purchasing an additional 55,189 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Sempra Energy in the third quarter worth about $114,000. Avantax Planning Partners Inc. bought a new stake in shares of Sempra Energy in the third quarter worth about $349,000. Finally, Brighton Jones LLC purchased a new position in Sempra Energy during the 3rd quarter valued at about $1,471,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Trading Up 1.0%

NYSE SRE opened at $78.97 on Friday. The firm has a market capitalization of $51.66 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.15 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.61. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The company’s 50 day moving average price is $81.65 and its 200 day moving average price is $89.08.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.31 billion. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. Sempra Energy’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous 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, sell-side analysts predict that Sempra Energy will post 5.15 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be issued a $0.6575 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.63 annualized dividend and a yield of 3.3%. Sempra Energy’s payout ratio is 56.32%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SRE shares. JPMorgan Chase & Co. dropped their target price on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Barclays reaffirmed an “overweight” rating and set a $90.00 price target (down from $103.00) on shares of Sempra Energy in a report on Monday, October 12th. The Goldman Sachs Group boosted their price objective 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. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Truist Financial set a $94.00 price objective on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $99.47.

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.