12,200 Shares of Sempra Energy $SRE Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new stake in Sempra Energy (NYSE:SRE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,200 shares of the utilities provider’s stock, valued at approximately $951,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Sempra Energy during the second quarter worth about $5,588,577,000. ABS Investment Management LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at about $5,377,180,000. Bank of America Corp DE lifted its holdings 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 valued at $1,009,127,000 after purchasing 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 valued at about $896,599,000. Finally, Legal & General Group Plc acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $538,775,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Energy Trading Down 0.5%

Sempra Energy stock opened at $78.42 on Wednesday. The stock has a market cap of $51.29 billion, a PE ratio of 16.79, a P/E/G ratio of 2.17 and a beta of 0.55. The stock has a 50-day moving average price of $81.86 and a 200 day moving average price of $89.15. Sempra Energy has a 52 week low of $76.21 and a 52 week high of $101.04. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.31 billion. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. 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 predict that Sempra Energy will post 5.14 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were given a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s payout ratio is currently 56.32%.

Wall Street Analysts Forecast Growth

SRE has been the topic of several research reports. Scotiabank started coverage on shares of Sempra Energy in a research report on Tuesday, September 29th. They issued a “sector perform” rating and a $83.00 price target on the stock. Barclays restated an “overweight” rating and set a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report 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 company. According to data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.

Sempra Energy Company Profile

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.