Hennessy Advisors Inc. Makes New Investment in Sempra Energy $SRE

Key Points

• Hennessy Advisors acquired 296,280 shares of Sempra Energy in the third quarter, valued at approximately $23.1 million. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra reported quarterly EPS of $1.16, exceeding the $1.01 analyst consensus, while revenue reached $3 billion and declined slightly year over year.
• The company pays an annualized dividend of $2.63 per share, yielding about 3.1%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.53, compared with the stock’s $86.13 opening price.

Hennessy Advisors Inc. bought a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 296,280 shares of the utilities provider's stock, valued at approximately $23,098,000.

Other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc purchased a new position in Sempra Energy in the second quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $25,000. Anchor Investment Management LLC bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $27,000. Finally, Silvant Capital Management LLC purchased a new position in Sempra Energy in the second quarter valued at approximately $28,000. Institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Up 0.1%

SRE stock opened at $86.13 on Monday. Sempra Energy has a fifty-two week low of $76.21 and a fifty-two week high of $101.04. The business's 50 day moving average price is $82.22 and its two-hundred day moving average price is $89.43. 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 market capitalization of $56.32 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55.

Sempra Energy (NYSE:SRE - Get Free Report) last issued 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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the business earned $0.89 EPS. Sempra Energy'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 forecast that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, September 24th. Sempra Energy's payout ratio is currently 76.23%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BTIG Research set a $100.00 target price on Sempra Energy in a research report on Tuesday, October 20th. Barclays reiterated an "overweight" rating and issued a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Mizuho cut Sempra Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $104.00 to $84.00 in a report on Monday, August 31st. TD Cowen started coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating on the stock. Finally, HSBC initiated coverage on shares of Sempra Energy in a report on Thursday, October 22nd. They issued a "buy" rating and a $97.50 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Sempra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $100.53.

Sempra Energy 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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