190,840 Shares in Sempra Energy $SRE Purchased by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. purchased a new stake in Sempra Energy (NYSE:SRE) in the 3rd quarter, HoldingsChannel reports. The fund purchased 190,840 shares of the utilities provider’s stock, valued at approximately $14,991,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Sempra Energy during the second quarter valued at $5,588,577,000. Bank of America Corp DE increased its stake in Sempra Energy by 16.1% in the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after buying an additional 1,441,981 shares during the period. Deutsche Bank AG purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $896,599,000. Legal & General Group Plc purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $538,775,000. Finally, Bank of New York Mellon Corp purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $465,202,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Trading Up 0.1%

Sempra Energy stock opened at $86.13 on Monday. The business’s 50-day simple moving average is $82.22 and its 200-day simple moving average is $89.43. The firm has a market capitalization of $56.32 billion, a PE ratio of 24.97, a PEG ratio of 2.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. 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 earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities research analysts forecast that Sempra Energy will post 5.13 earnings per share for the current year.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th were given a $0.6575 dividend. 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 currently 76.23%.

Wall Street Analyst Weigh In

SRE has been the subject of a number of research reports. Scotiabank initiated coverage on Sempra Energy in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $83.00 price objective for the company. LADENBURG THALM/SH SH dropped their target price on Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. TD Cowen began coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. The Goldman Sachs Group lifted their target price 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. Finally, Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and cut their price target for the company from $101.00 to $97.00 in a report on Tuesday, September 1st. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and an average target price of $100.53.

Sempra Energy 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.