Sempra Energy $SRE Shares Newly Acquired by Rock Creek Group LLC

Rock Creek Group LLC purchased a new position in Sempra Energy (NYSE:SRE) during the 3rd quarter, HoldingsChannel reports. The fund purchased 35,000 shares of the utilities provider’s stock, valued at approximately $2,729,000. Sempra Energy makes up approximately 0.3% of Rock Creek Group LLC’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Sempra Energy during the second quarter worth about $5,588,577,000. Bank of America Corp DE purchased a new stake in Sempra Energy during the 2nd quarter valued at about $957,056,000. Deutsche Bank AG acquired a new stake in Sempra Energy in the 2nd quarter valued at about $896,599,000. Legal & General Group Plc acquired a new stake in Sempra Energy in the 2nd quarter valued at about $538,775,000. Finally, Bank of New York Mellon Corp acquired a new stake in Sempra Energy in the 2nd quarter valued at about $465,202,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Trading Up 0.8%

Shares of SRE stock traded up $0.61 on Friday, hitting $79.59. 3,402,218 shares of the stock traded hands, compared to its average volume of 4,586,798. The firm’s 50-day moving average price is $81.56 and its two-hundred day moving average price is $89.04. 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 capitalization of $52.06 billion, a PE ratio of 17.04, a PEG ratio of 2.17 and a beta of 0.55. Sempra Energy has a twelve month low of $76.21 and a twelve month high of $101.04.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Sempra Energy’s quarterly revenue was up 1.3% on a year-over-year basis. 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 anticipate that Sempra Energy will post 5.15 EPS for the current year.

Sempra Energy Dividend Announcement

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. This represents a $2.63 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, December 10th. Sempra Energy’s payout ratio is presently 56.32%.

Analyst Ratings Changes

A number of research firms have weighed in on SRE. Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and decreased their target price for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. Truist Financial set a $94.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Wednesday, October 14th. HSBC assumed coverage on Sempra Energy in a research report on Thursday, October 22nd. They issued a “buy” rating and a $97.50 price target for the company. JPMorgan Chase & Co. cut their price target on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $99.47.

Sempra Energy Company 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.