Sempra Energy $SRE Position Reduced by M&G PLC

M&G PLC cut its stake in Sempra Energy (NYSE:SRE) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 570,485 shares of the utilities provider’s stock after selling 89,297 shares during the period. M&G PLC owned about 0.09% of Sempra Energy worth $44,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SRE. Bridgewater Advisors Inc. raised its holdings in shares of Sempra Energy by 2.2% in the first quarter. Bridgewater Advisors Inc. now owns 6,614 shares of the utilities provider’s stock valued at $643,000 after buying an additional 140 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Sempra Energy by 4.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,040 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 156 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Sempra Energy by 5.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,876 shares of the utilities provider’s stock worth $267,000 after acquiring an additional 158 shares in the last quarter. CX Institutional raised its position in Sempra Energy by 3.9% in the 2nd 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. Finally, Grove Bank & Trust increased its stake in Sempra Energy by 1.9% in the 3rd 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. 89.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SRE shares. Mizuho cut Sempra Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $104.00 to $84.00 in a report on Monday, August 31st. Morgan Stanley decreased their price target on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Weiss Ratings lowered Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. The Goldman Sachs Group increased their price target on Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Sempra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $99.47.

Sempra Energy Stock Performance

Shares of SRE stock opened at $78.77 on Tuesday. The company has a market cap of $51.51 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.28 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The firm has a 50-day moving average of $81.93 and a 200-day moving average of $89.19. Sempra Energy has a one year low of $76.21 and a one year high of $101.04.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company posted $1.11 earnings per share. Sempra Energy’s quarterly revenue 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. Equities research analysts forecast that Sempra Energy will post 5.14 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th were given a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, September 24th. Sempra Energy’s dividend payout ratio (DPR) is currently 56.32%.

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.

Through its energy infrastructure business, Sempra has also developed and operated natural gas pipelines, storage facilities and liquefied natural gas projects in the United States and Mexico.