Sempra Energy $SRE Shares Newly Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new position in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,482 shares of the utilities provider’s stock, valued at approximately $2,532,000.

A number of other institutional investors also recently bought and sold shares of SRE. BlackRock Inc. acquired a new position in Sempra Energy in the 2nd quarter valued at about $5,588,577,000. ABS Investment Management LLC purchased a new stake in shares of Sempra Energy during the 2nd quarter valued at approximately $5,377,180,000. Bank of America Corp DE lifted its holdings 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 acquiring an additional 1,441,981 shares during the last quarter. Deutsche Bank AG acquired a new position in Sempra Energy in the second quarter valued at approximately $896,599,000. Finally, Legal & General Group Plc acquired a new position in Sempra Energy in the second quarter valued at approximately $538,775,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Stock Performance

Shares of SRE stock opened at $78.33 on Thursday. The firm’s 50 day moving average price is $81.75 and its 200-day moving average price is $89.12. 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 one year low of $76.21 and a one year high of $101.04. The firm has a market cap of $51.24 billion, a P/E ratio of 16.77, a P/E/G ratio of 2.15 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, November 5th. The utilities provider reported $1.40 earnings per share 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm earned $1.11 EPS. The firm’s revenue for the quarter was up 1.3% 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 5.15 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 10th will be paid a $0.6575 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.4%. Sempra Energy’s payout ratio is presently 56.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SRE shares. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. HSBC assumed coverage on Sempra Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $97.50 price target on the stock. Mizuho cut Sempra Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $104.00 to $84.00 in a report on Monday, August 31st. Barclays reissued 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.47.

Sempra Energy 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.