Oppenheimer & Co. Inc. Buys New Holdings in Sempra Energy $SRE

Key Points

• Oppenheimer & Co. acquired 40,863 shares of Sempra Energy in the third quarter, valued at approximately $3.19 million. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra reported quarterly earnings of $1.16 per share, exceeding analysts’ $1.01 estimate, while revenue totaled $3 billion. The company pays an annualized dividend of $2.63, yielding about 3.1%.
• Analysts maintain a generally positive outlook, with 14 Buy ratings and five Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $100.53, compared with a recent price of $86.13.

Oppenheimer & Co. Inc. bought a new position in Sempra Energy (NYSE:SRE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,863 shares of the utilities provider's stock, valued at approximately $3,186,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Sempra Energy in the 2nd quarter valued at $5,588,577,000. ABS Investment Management LLC bought a new position in Sempra Energy during the second quarter worth about $5,377,180,000. Bank of America Corp DE grew its stake in 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 valued at $1,009,127,000 after acquiring an additional 1,441,981 shares during the period. Deutsche Bank AG acquired a new position in Sempra Energy in the second quarter valued at about $896,599,000. Finally, Legal & General Group Plc acquired a new position in Sempra Energy in the second quarter valued at about $538,775,000. 89.65% of the stock is owned by institutional investors.

Sempra Energy Price Performance

NYSE SRE opened at $86.13 on Friday. 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 company 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 firm's 50 day moving average is $82.22 and its 200-day moving average is $89.43.

Sempra Energy (NYSE:SRE - Get Free Report) last announced 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. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm's revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Equities research analysts anticipate that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were given a $0.6575 dividend. 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 3.1%. Sempra Energy's payout ratio is currently 76.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SRE shares. Scotiabank initiated coverage on Sempra Energy in a research report on Tuesday, September 29th. They set a "sector perform" rating and a $83.00 price target on the stock. Barclays reiterated an "overweight" rating and issued a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. HSBC assumed coverage on Sempra Energy in a research note on Thursday, October 22nd. They set a "buy" rating and a $97.50 target price for the company. BTIG Research set a $100.00 target price on shares of Sempra Energy in a report on Tuesday, October 20th. Finally, Morgan Stanley cut their price target on shares of Sempra Energy from $104.00 to $100.00 and set an "overweight" rating on the stock in a research note on Friday, September 18th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.53.

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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