Greenland Capital Management LP Invests $7.25 Million in Sempra Energy $SRE

Key Points

• Greenland Capital Management acquired 78,150 Sempra Energy shares worth approximately $7.25 million, making SRE its 29th-largest portfolio holding at 0.9%. Institutional investors collectively own 89.65% of the company.
• Analysts maintain a generally positive outlook, with Sempra receiving a consensus “Moderate Buy” rating and a $102 price target, though Mizuho recently lowered its target to $84 and retained a neutral rating.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.01 consensus estimate. The company also declared a quarterly dividend of $0.6575 per share, equivalent to a 3.1% annualized yield.

Greenland Capital Management LP purchased a new position in Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,150 shares of the utilities provider's stock, valued at approximately $7,245,000. Sempra Energy accounts for 0.9% of Greenland Capital Management LP's investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRE. Bell Investment Advisors Inc lifted its holdings in shares of Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock worth $25,000 after acquiring an additional 116 shares during the period. Frazier Financial Advisors LLC bought a new position in Sempra Energy in the second quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Sempra Energy during the second quarter valued at approximately $27,000. Silvant Capital Management LLC acquired a new position in Sempra Energy during the second quarter valued at approximately $28,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Sempra Energy by 57.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock worth $31,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Winn sold 8,000 shares of the company's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. Mizuho reiterated a "neutral" rating and issued a $84.00 target price (down from $104.00) on shares of Sempra Energy in a research report on Monday, August 31st. Barclays dropped their target price on shares of Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.00.

Sempra Energy Stock Performance

Sempra Energy stock opened at $83.91 on Monday. The business has a 50 day moving average of $88.74 and a 200-day moving average of $91.82. The company has a market capitalization of $54.87 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.32 and a beta of 0.55. Sempra Energy has a 1 year low of $78.97 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 posted its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping 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 period last year, the company earned $0.89 EPS. The firm's 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. On average, equities research analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 24th will be given 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 is Thursday, September 24th. Sempra Energy's dividend payout ratio (DPR) is currently 76.23%.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company's product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.

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