Squarepoint Ops LLC Purchases 12,661 Shares of Sempra Energy $SRE

Key Points

• Squarepoint Ops increased its Sempra Energy position by 69% in the second quarter, purchasing 12,661 additional shares and bringing its holdings to 31,011 shares valued at approximately $2.88 million.
• Institutional investors own 89.65% of Sempra’s stock, with major firms including California State Teachers Retirement System, BlackRock, Norges Bank, Bank of America, and Deutsche Bank adding or initiating positions.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.01 consensus estimate. The company declared a quarterly dividend of $0.6575, equivalent to a 3.2% annual yield, while analysts maintain a “Moderate Buy” consensus with a $102 price target.

Squarepoint Ops LLC lifted its position in shares of Sempra Energy (NYSE:SRE - Free Report) by 69.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,011 shares of the utilities provider's stock after purchasing an additional 12,661 shares during the period. Squarepoint Ops LLC's holdings in Sempra Energy were worth $2,875,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in shares of Sempra Energy by 11,081.4% during the 2nd quarter. California State Teachers Retirement System now owns 92,350,656 shares of the utilities provider's stock worth $8,561,829,000 after acquiring an additional 91,524,727 shares during the period. BlackRock Inc. bought a new position in shares of Sempra Energy in the 2nd quarter worth approximately $5,588,577,000. Norges Bank purchased a new position in shares of Sempra Energy in the 4th quarter valued at approximately $914,924,000. Bank of America Corp DE purchased a new position in shares of Sempra Energy in the 2nd quarter valued at approximately $957,056,000. Finally, Deutsche Bank AG bought a new stake in shares of Sempra Energy during the second quarter valued at approximately $896,599,000. Hedge funds and other institutional investors own 89.65% of the company's stock.

Insider Transactions at Sempra Energy

In other Sempra Energy news, EVP Caroline Winn sold 8,000 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares of the company's stock, valued at $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Sempra Energy Stock Up 0.1%

NYSE SRE opened at $83.44 on Monday. 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 52 week low of $79.59 and a 52 week high of $101.04. The firm has a market capitalization of $54.56 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.30 and a beta of 0.55. The company has a fifty day moving average of $87.91 and a two-hundred day moving average of $91.52.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating 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 quarter in the prior year, the firm posted $0.89 earnings per share. The business's revenue for the quarter 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. On average, analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 24th will be given a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, September 24th. Sempra Energy's dividend payout ratio is 76.23%.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of research reports. Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Jefferies Financial Group upgraded shares of Sempra Energy from a "hold" rating to a "buy" rating and dropped their target price for the company from $101.00 to $97.00 in a report on Tuesday, September 1st. TD Cowen assumed coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They issued a "buy" rating on the stock. Barclays reduced their target price on shares of Sempra Energy from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Thursday, July 9th. Finally, Morgan Stanley lowered their price target on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $102.00.

Sempra Energy Company Profile

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

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.

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