Sempra Energy (SRE) to Distribute Quarterly Dividend of $0.66 on October 15th

Sempra Energy (NYSE:SRE) announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Thursday, September 24th will be given a dividend of 0.6575 per share by the utilities provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, September 24th.

Sempra Energy has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 22 years. Sempra Energy has a payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sempra Energy to earn $5.52 per share next year, which means the company should continue to be able to cover its $2.63 annual dividend with an expected future payout ratio of 47.6%.

Sempra Energy Stock Up 0.7%

SRE opened at $84.38 on Friday. The firm has a market cap of $55.18 billion, a P/E ratio of 24.46, a PEG ratio of 2.32 and a beta of 0.55. The business’s fifty day simple moving average is $88.95 and its 200 day simple moving average is $91.89. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. 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 (NYSE:SRE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 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 down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. 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, equities research analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Buying and Selling at Sempra Energy

In related news, EVP Caroline Winn sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sempra Energy

A number of large investors have recently bought and sold shares of SRE. California State Teachers Retirement System raised its position in shares of Sempra Energy by 11,081.4% in the 2nd quarter. California State Teachers Retirement System now owns 92,350,656 shares of the utilities provider’s stock worth $8,561,829,000 after buying an additional 91,524,727 shares during the period. BlackRock Inc. acquired a new stake in Sempra Energy during the second quarter worth about $5,588,577,000. State Street Corp increased its stake in Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares during the last quarter. Morgan Stanley raised its holdings in shares of Sempra Energy by 17.0% in the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Sempra Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock worth $1,256,592,000 after purchasing an additional 116,554 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.