AIA Group Ltd Buys 180,141 Shares of Sempra Energy $SRE

Key Points

• AIA Group initiated a Sempra Energy position, buying 180,141 shares valued at approximately $14.0 million; institutional investors own 89.65% of the stock.
• Analysts have a consensus “Moderate Buy” rating and a $100.53 price target, though several firms recently lowered their ratings or targets.
• Sempra reported quarterly EPS of $1.16, beating the $1.01 estimate, while revenue of $3 billion came in below expectations. Its quarterly dividend of $0.6575 equates to an annualized yield of about 3.1%.

AIA Group Ltd bought a new position in shares of Sempra Energy (NYSE:SRE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 180,141 shares of the utilities provider's stock, valued at approximately $14,044,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new position in shares of Sempra Energy during the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in Sempra Energy in the 2nd quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in Sempra Energy in the 2nd quarter valued at $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Sempra Energy during the 2nd quarter worth about $27,000. Finally, Silvant Capital Management LLC bought a new stake in Sempra Energy during the 2nd quarter worth about $28,000. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SRE shares. Mizuho cut Sempra Energy from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $104.00 to $84.00 in a research report on Monday, August 31st. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. BTIG Research set a $100.00 price target on Sempra Energy in a research report on Tuesday, October 20th. Weiss Ratings cut Sempra Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Finally, Barclays reissued an "overweight" rating and issued a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a report on Monday, October 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.53.

Sempra Energy Price Performance

SRE stock opened at $85.19 on Wednesday. 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 has a 12 month low of $76.21 and a 12 month high of $101.04. The firm has a market cap of $55.71 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.37 and a beta of 0.55. The company's 50-day moving average price is $82.30 and its two-hundred day moving average price is $89.38.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. 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 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy's payout ratio is currently 76.23%.

Sempra Energy Company Profile

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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