25,935 Shares of Sempra Energy $SRE Bought by Founders Financial Securities LLC

Key Points

• Founders Financial Securities purchased 25,935 shares of Sempra Energy worth approximately $2.02 million, while institutional investors collectively own 89.65% of the company.
• Analyst sentiment is generally positive: Sempra has a consensus rating of “Moderate Buy” and an average price target of $100.53, compared with a recent opening price of $86.13.
• Sempra reported quarterly EPS of $1.16, exceeding the $1.01 consensus estimate, and pays a quarterly dividend of $0.6575 per share, equivalent to a 3.1% annual yield.

Founders Financial Securities LLC purchased a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 25,935 shares of the utilities provider's stock, valued at approximately $2,022,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRE. Pure Financial Advisors LLC purchased a new stake in shares of Sempra Energy in the 2nd quarter worth about $4,555,000. Carnegie Investment Counsel boosted its position in shares of Sempra Energy by 15.5% in the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock worth $16,265,000 after purchasing an additional 22,408 shares in the last quarter. Magellan Asset Management Ltd grew its stake in shares of Sempra Energy by 4.2% in the 1st quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock worth $219,446,000 after buying an additional 91,519 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 buying an additional 1,441,981 shares during the last quarter. Finally, Swiss National Bank increased its position in Sempra Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider's stock valued at $186,119,000 after buying an additional 127,400 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Analysts Set New Price Targets

SRE has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Sempra Energy from $102.00 to $99.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. HSBC began coverage on Sempra Energy in a research report on Thursday, October 22nd. They issued a "buy" rating and a $97.50 price target for the company. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Scotiabank initiated coverage on shares of Sempra Energy in a research report on Tuesday, September 29th. They set a "sector perform" rating and a $83.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $100.53.

Sempra Energy Stock Performance

SRE opened at $86.13 on Friday. The company has a 50 day simple moving average of $82.22 and a two-hundred day simple moving average of $89.43. The firm has a market cap of $56.32 billion, a P/E ratio of 16.97, a PEG ratio of 2.37 and a beta of 0.55. Sempra Energy has a 1-year low of $76.21 and a 1-year high of $101.04. 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 (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm'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. Equities analysts forecast 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. Shareholders of record on Thursday, September 24th were paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy's payout ratio is presently 76.23%.

About Sempra Energy

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.

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