D.A. Davidson & CO. Purchases 46,087 Shares of Sempra Energy $SRE

Key Points

• D.A. Davidson purchased 46,087 shares of Sempra Energy in the third quarter, worth approximately $3.6 million. Institutional investors collectively own 89.65% of Sempra’s outstanding shares.
• Analysts maintain a generally positive outlook, with 14 Buy ratings and five Holds. Sempra has a “Moderate Buy” consensus rating and an average price target of $100.53.
• Sempra’s stock opened at $86.13, while the company reported quarterly EPS of $1.16, exceeding estimates of $1.01. It also paid a quarterly dividend of $0.6575 per share, representing a 3.1% annualized yield.

D.A. Davidson & CO. purchased a new position in shares of Sempra Energy (NYSE:SRE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,087 shares of the utilities provider's stock, valued at approximately $3,593,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Sempra Energy in the second quarter valued at about $5,588,577,000. ABS Investment Management LLC acquired a new stake in shares of Sempra Energy during the second quarter worth about $5,377,180,000. Bank of America Corp DE boosted its stake in shares of Sempra Energy by 16.1% during 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. Deutsche Bank AG acquired a new stake in shares of Sempra Energy during the second quarter worth about $896,599,000. Finally, Legal & General Group Plc purchased a new position in shares of Sempra Energy during the second quarter worth about $538,775,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SRE. Morgan Stanley dropped their price target on Sempra Energy from $104.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, September 18th. BTIG Research set a $100.00 price objective on Sempra Energy in a research report on Tuesday, October 20th. Weiss Ratings downgraded Sempra Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH dropped their target price on Sempra Energy from $98.00 to $89.50 and set a "buy" rating on the stock in a report on Tuesday, September 22nd. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $100.53.

Sempra Energy Stock Up 0.1%

SRE stock opened at $86.13 on Monday. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The stock has a market capitalization of $56.32 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The company has a fifty day moving average of $82.22 and a 200-day moving average of $89.43.

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

Sempra Energy Announces Dividend

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