Lebenthal Global Advisors LLC Makes New Investment in Sempra Energy $SRE

Lebenthal Global Advisors LLC acquired a new stake in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,319 shares of the utilities provider’s stock, valued at approximately $649,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Sempra Energy during the second quarter valued at about $5,588,577,000. Bank of America Corp DE acquired a new stake in Sempra Energy during the second quarter worth about $957,056,000. Deutsche Bank AG acquired a new stake in Sempra Energy during the second quarter worth about $896,599,000. Legal & General Group Plc purchased a new position in shares of Sempra Energy in the 2nd quarter worth about $538,775,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Sempra Energy in the 2nd quarter worth about $465,202,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on SRE. The Goldman Sachs Group lifted their price objective on Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Scotiabank assumed coverage on shares of Sempra Energy in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $83.00 target price for the company. TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Morgan Stanley cut their price target on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Finally, Barclays reaffirmed an “overweight” rating and set a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Trading Up 0.3%

NYSE:SRE opened at $86.13 on Friday. The business’s 50-day moving average is $82.22 and its two-hundred day moving average is $89.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04. The firm has a market capitalization of $56.32 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share 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 the consensus estimate of $3.14 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’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. Research analysts predict that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.6575 per share. 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 dividend payout ratio (DPR) is currently 76.23%.

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.