1,403,980 Shares of Sempra Energy $SRE Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,403,980 shares of the utilities provider’s stock, valued at approximately $109,454,000. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Sempra Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridgewater Advisors Inc. grew its stake in Sempra Energy by 2.2% during the 1st quarter. Bridgewater Advisors Inc. now owns 6,614 shares of the utilities provider’s stock worth $643,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Sempra Energy by 5.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,876 shares of the utilities provider’s stock valued at $267,000 after buying an additional 158 shares during the last quarter. CX Institutional lifted its stake in Sempra Energy by 3.9% in the second quarter. CX Institutional now owns 4,204 shares of the utilities provider’s stock valued at $390,000 after buying an additional 158 shares during the last quarter. Grove Bank & Trust lifted its stake in Sempra Energy by 1.9% in the third quarter. Grove Bank & Trust now owns 8,375 shares of the utilities provider’s stock valued at $653,000 after buying an additional 159 shares during the last quarter. Finally, Ipsen Advisor Group LLC lifted its stake in Sempra Energy by 1.9% in the first quarter. Ipsen Advisor Group LLC now owns 9,696 shares of the utilities provider’s stock valued at $942,000 after buying an additional 178 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Stock Performance

NYSE SRE opened at $86.03 on Tuesday. The firm has a market cap of $56.25 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.33 and a beta of 0.55. Sempra Energy has a 52-week low of $76.21 and a 52-week high of $101.04. The business’s 50-day moving average price is $82.29 and its 200 day moving average price is $89.41. 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 posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business earned $0.89 EPS. The firm’s revenue 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. On average, equities research analysts expect that Sempra Energy will post 5.13 earnings per share 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 issued a $0.6575 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. Sempra Energy’s payout ratio is presently 76.23%.

Wall Street Analysts Forecast Growth

SRE has been the subject of several research analyst reports. BTIG Research set a $100.00 price objective on Sempra Energy in a report on Tuesday, October 20th. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. LADENBURG THALM/SH SH reduced their price target on shares of Sempra Energy from $98.00 to $89.50 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Truist Financial set a $94.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research report on Wednesday, October 14th. Finally, The Goldman Sachs Group increased their price target on shares of Sempra Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.53.

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.