Sempra Energy $SRE Stock Bought by Perpetual Ltd

Key Points

• Perpetual Ltd increased its Sempra Energy stake by 3.8% in the third quarter, adding 106,383 shares to own 2.94 million shares valued at approximately $229.3 million. Institutional investors collectively hold 89.65% of Sempra’s stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $98.77; individual targets cited range from $96 to $102.
• Sempra reported quarterly EPS of $1.16, beating estimates of $1.01, and declared a quarterly dividend of $0.6575, equivalent to an annualized yield of about 3.2%.

Perpetual Ltd grew its stake in Sempra Energy (NYSE:SRE - Free Report) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,941,084 shares of the utilities provider's stock after acquiring an additional 106,383 shares during the quarter. Sempra Energy comprises approximately 3.6% of Perpetual Ltd's portfolio, making the stock its 3rd biggest holding. Perpetual Ltd owned approximately 0.45% of Sempra Energy worth $229,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Sempra Energy in the 2nd quarter valued at about $5,588,577,000. Bank of America Corp DE grew its holdings 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 in the last quarter. Deutsche Bank AG purchased a new stake in shares of Sempra Energy during the second quarter worth about $896,599,000. Legal & General Group Plc purchased a new stake in shares of Sempra Energy during the second quarter worth about $538,775,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sempra Energy in the second quarter valued at approximately $465,202,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SRE. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. Wall Street Zen raised shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Truist Financial set a $96.00 target price on shares of Sempra Energy and gave the stock a "buy" rating in a research note on Thursday, September 3rd. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, TD Cowen initiated coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.77.

Sempra Energy Stock Up 0.6%

Shares of NYSE:SRE opened at $81.82 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The firm has a market cap of $53.50 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.25 and a beta of 0.55. The stock's 50-day moving average price is $82.74 and its two-hundred day moving average price is $89.36. Sempra Energy has a 12-month low of $76.21 and a 12-month high of $101.04.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. 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, research analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, September 24th. Sempra Energy's dividend payout ratio (DPR) is 76.23%.

About Sempra Energy

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates infrastructure that supports the delivery of electricity and natural gas, with operations focused primarily on North America.

Sempra's principal businesses include regulated utilities and infrastructure development. Its California utilities, San Diego Gas & Electric and Southern California Gas, provide electric and natural gas services to customers in Southern California.

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