Sempra Energy $SRE Shares Newly Bought by American Assets Investment Management LLC

Key Points

• American Assets Investment Management initiated a Sempra Energy position, buying 92,000 shares worth approximately $7.17 million in the third quarter. Institutional investors collectively own 89.65% of the company.
• Sempra reported quarterly earnings of $1.16 per share, beating the $1.01 analyst consensus, though revenue of $3 billion was below expectations and down slightly year over year.
• The company’s annualized dividend is $2.63 per share, a 3.1% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $100.53.

American Assets Investment Management LLC bought a new position in shares of Sempra Energy (NYSE:SRE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 92,000 shares of the utilities provider's stock, valued at approximately $7,172,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Sempra Energy in the 2nd quarter worth approximately $5,588,577,000. Bank of America Corp DE boosted its stake in Sempra Energy by 16.1% in the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider's stock worth $1,009,127,000 after purchasing an additional 1,441,981 shares during the period. Deutsche Bank AG purchased a new stake in Sempra Energy during the 2nd quarter valued at approximately $896,599,000. Legal & General Group Plc purchased a new stake in Sempra Energy during the 2nd quarter valued at approximately $538,775,000. Finally, Bank of New York Mellon Corp purchased a new stake in Sempra Energy during the 2nd quarter valued at approximately $465,202,000. Institutional investors own 89.65% of the company's stock.

Sempra Energy Trading Down 0.9%

SRE stock opened at $85.19 on Wednesday. The firm has a fifty day moving average price of $82.30 and a 200 day moving average price of $89.38. Sempra Energy has a fifty-two week low of $76.21 and a fifty-two week high of $101.04. 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 firm has a market cap of $55.71 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55.

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

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were issued 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 was Thursday, September 24th. Sempra Energy's dividend payout ratio (DPR) is currently 76.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SRE shares. TD Cowen initiated coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating for the company. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Morgan Stanley decreased 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. HSBC began coverage on shares of Sempra Energy in a report on Thursday, October 22nd. They set a "buy" rating and a $97.50 price objective for the company. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of Sempra Energy from $98.00 to $89.50 and set a "buy" rating for the company in a report on Tuesday, September 22nd. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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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