92,840 Shares of Sempra Energy $SRE Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. acquired 92,840 Sempra Energy shares in the third quarter, valued at approximately $7.26 million. Institutional investors collectively own 89.65% of the stock.
• Sempra reported quarterly EPS of $1.40, beating the $1.22 analyst consensus, while revenue of $3.19 billion came in below estimates. Revenue rose 1.3% year over year.
• The company pays an annualized dividend of $2.63 per share, a 3.3% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $99.47.

Candriam S.C.A. bought a new stake in Sempra Energy (NYSE:SRE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 92,840 shares of the utilities provider's stock, valued at approximately $7,264,000.

Several other institutional investors also recently bought and sold shares of SRE. Pure Financial Advisors LLC bought a new position in shares of Sempra Energy in the second quarter worth approximately $4,555,000. Magellan Asset Management Ltd increased its stake in shares of 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 worth $219,446,000 after buying an additional 91,519 shares during the period. Bank of America Corp DE increased its stake in shares of 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 worth $1,009,127,000 after buying an additional 1,441,981 shares during the period. Swiss National Bank raised its holdings 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Sempra Energy by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,096,382 shares of the utilities provider's stock valued at $203,701,000 after buying an additional 52,107 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Stock Performance

Shares of SRE stock opened at $78.77 on Tuesday. The stock has a fifty day moving average of $81.93 and a 200 day moving average of $89.19. Sempra Energy has a 52 week low of $76.21 and a 52 week high of $101.04. The firm has a market capitalization of $51.51 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.28 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.18. The business 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 16.70% and a return on equity of 8.49%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $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, research analysts expect that Sempra Energy will post 5.14 earnings per share for the current year.

Sempra Energy Dividend Announcement

The business also recently announced 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 of this dividend was Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.3%. Sempra Energy's payout ratio is presently 56.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SRE shares. Barclays reissued 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. The Goldman Sachs Group boosted their price objective on shares of Sempra Energy from $109.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Jefferies Financial Group upgraded shares of Sempra Energy from a "hold" rating to a "buy" rating and decreased their price objective for the company from $101.00 to $97.00 in a research report on Tuesday, September 1st. HSBC assumed coverage on shares of Sempra Energy in a research note on Thursday, October 22nd. They set a "buy" rating and a $97.50 price objective for the company. Finally, Mizuho lowered shares of Sempra Energy from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $104.00 to $84.00 in a report on Monday, August 31st. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently 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.

Through its energy infrastructure business, Sempra has also developed and operated natural gas pipelines, storage facilities and liquefied natural gas projects in the United States and Mexico.

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