Woodley Farra Manion Portfolio Management Inc. Buys 7,124 Shares of Sempra Energy $SRE

Woodley Farra Manion Portfolio Management Inc. bought a new stake in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 7,124 shares of the utilities provider’s stock, valued at approximately $557,000.

A number of other institutional investors have also recently bought and sold shares of SRE. BlackRock Inc. acquired a new position in shares of Sempra Energy in the second quarter worth about $5,588,577,000. Bank of America Corp DE acquired a new position in Sempra Energy in the 2nd quarter worth approximately $957,056,000. Deutsche Bank AG acquired a new stake in Sempra Energy during the 2nd quarter valued at $896,599,000. Legal & General Group Plc purchased a new stake in shares of Sempra Energy in the second quarter valued at $538,775,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Sempra Energy in the second quarter worth $465,202,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

SRE has been the topic of several recent analyst reports. LADENBURG THALM/SH SH dropped their price target on Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Truist Financial set a $94.00 price objective on Sempra Energy and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Mizuho cut Sempra Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $104.00 to $84.00 in a research note on Monday, August 31st. Barclays reaffirmed an “overweight” rating and set a $90.00 target price (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. Finally, Morgan Stanley dropped their target price on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.47.

Sempra Energy Stock Down 0.5%

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

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.31 billion. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, analysts forecast that Sempra Energy will post 5.14 earnings per share for the current year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid 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 3.4%. Sempra Energy’s payout ratio is 56.32%.

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.