Mesirow Financial Investment Management Inc. Purchases 7,901 Shares of Sempra Energy $SRE

Mesirow Financial Investment Management Inc. acquired a new stake in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,901 shares of the utilities provider’s stock, valued at approximately $616,000.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Sempra Energy during the 2nd quarter worth $5,588,577,000. Bank of America Corp DE raised its stake in Sempra Energy by 16.1% in the first 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 last quarter. Deutsche Bank AG purchased a new stake in Sempra Energy in the second quarter valued at about $896,599,000. Legal & General Group Plc acquired a new stake in Sempra Energy in the second quarter worth about $538,775,000. Finally, Bank of New York Mellon Corp acquired a new stake in Sempra Energy in the second quarter worth about $465,202,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Stock Up 1.0%

SRE opened at $78.97 on Friday. The stock 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 fifty day moving average of $81.65 and a two-hundred day moving average of $89.08. 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 fifty-two week low of $76.21 and a fifty-two week high of $101.04.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 1.3% 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, research analysts expect that Sempra Energy will post 5.15 earnings per share for the current year.

Sempra Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BTIG Research set a $100.00 price target on Sempra Energy in a research note on Tuesday, October 20th. HSBC assumed coverage on shares of Sempra Energy in a report on Thursday, October 22nd. They set a “buy” rating and a $97.50 price objective on the stock. The Goldman Sachs Group upped their target price on Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Mizuho lowered Sempra Energy from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $104.00 to $84.00 in a research note on Monday, August 31st. Finally, Ladenburg Thalmann & Co. Inc. reduced their target price on Sempra Energy from $98.00 to $89.50 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.47.

About Sempra Energy

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.