ProShare Advisors LLC Makes New Investment in Sempra Energy $SRE

ProShare Advisors LLC bought a new position in Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 155,488 shares of the utilities provider’s stock, valued at approximately $12,122,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Sempra Energy during the second quarter valued at about $5,588,577,000. Bank of America Corp DE lifted its position in shares of 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 worth $1,009,127,000 after buying an additional 1,441,981 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Sempra Energy in the second quarter worth about $896,599,000. Legal & General Group Plc bought a new position in Sempra Energy during the second quarter valued at approximately $538,775,000. Finally, Bank of New York Mellon Corp bought a new position in Sempra Energy during the second quarter valued at approximately $465,202,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SRE. HSBC began coverage on Sempra Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $97.50 price objective on the stock. The Goldman Sachs Group increased 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. Truist Financial set a $94.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a report on Wednesday, October 14th. BTIG Research set a $100.00 price target on shares of Sempra Energy in a research report on Tuesday, October 20th. Finally, Barclays restated an “overweight” rating and issued a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Stock Down 0.9%

Shares of NYSE:SRE opened at $85.19 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04. The company has a 50-day moving average price of $82.30 and a 200 day moving average price of $89.38. The company has a market cap of $55.71 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.37 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. 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 predict that Sempra Energy will post 5.13 earnings per share for the current year.

Sempra Energy Announces Dividend

The business 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 was Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.1%. Sempra Energy’s payout ratio is 76.23%.

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.