Tidal Investments LLC Grows Stock Holdings in Sempra Energy $SRE

Tidal Investments LLC lifted its holdings in Sempra Energy (NYSE:SRE) by 86.5% during the second quarter, Holdings Channel reports. The fund owned 80,245 shares of the utilities provider’s stock after buying an additional 37,212 shares during the quarter. Tidal Investments LLC’s holdings in Sempra Energy were worth $7,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Pure Financial Advisors LLC acquired a new stake in Sempra Energy during the second quarter worth about $4,555,000. Carnegie Investment Counsel lifted its holdings in Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after acquiring an additional 22,408 shares during the period. Magellan Asset Management Ltd lifted its holdings in Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after acquiring an additional 91,519 shares during the period. Dockside LLC purchased a new stake in Sempra Energy in the 4th quarter worth approximately $3,938,000. Finally, Bank of America Corp DE boosted its position in Sempra Energy by 16.1% in the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after purchasing an additional 1,441,981 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity

In other news, EVP Caroline Winn sold 8,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and lowered their price target for the stock from $101.00 to $97.00 in a report on Tuesday, September 1st. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial set a $96.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Sempra Energy Stock Down 0.7%

Sempra Energy stock opened at $83.44 on Friday. 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 stock has a market capitalization of $54.56 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. The business has a 50 day simple moving average of $87.91 and a 200-day simple moving average of $91.53. Sempra Energy has a 12 month low of $79.59 and a 12 month high of $101.04.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’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. On average, analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be given a $0.6575 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.63 annualized dividend and a dividend yield of 3.2%. Sempra Energy’s dividend payout ratio (DPR) is 76.23%.

Sempra Energy Profile

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.