VCI Wealth Management LLC Makes New $2.04 Million Investment in Sempra Energy $SRE

Key Points

• VCI Wealth Management purchased 26,237 shares of Sempra Energy worth approximately $2.04 million during the third quarter. Institutional investors and hedge funds collectively own 89.65% of the company.
• Analysts maintain a generally positive outlook, with 14 Buy ratings and five Holds. Sempra has a consensus “Moderate Buy” rating and an average price target of $100.53.
• Sempra shares opened at $86.03, while the company’s latest quarterly results exceeded earnings expectations. Its quarterly dividend of $0.6575 represents a $2.63 annual payout and a 3.1% yield.

VCI Wealth Management LLC 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 SEC. The fund bought 26,237 shares of the utilities provider's stock, valued at approximately $2,045,000.

A number of other hedge funds have also modified their holdings of SRE. Bell Investment Advisors Inc acquired a new position in Sempra Energy in the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC bought a new position in Sempra Energy during the second quarter valued at approximately $25,000. Anchor Investment Management LLC bought a new position in Sempra Energy during the second quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Sempra Energy during the 2nd quarter valued at $27,000. Finally, Silvant Capital Management LLC acquired a new stake in shares of Sempra Energy in the second quarter worth about $28,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SRE. TD Cowen started coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They set a "buy" rating for the company. Morgan Stanley lowered their price objective on Sempra Energy from $104.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, September 18th. Barclays reaffirmed an "overweight" rating and set a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a report on Monday, October 12th. Weiss Ratings cut shares of Sempra Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Finally, Mizuho lowered shares of Sempra Energy from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $104.00 to $84.00 in a research report on Monday, August 31st. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Sempra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $100.53.

Sempra Energy Stock Performance

Sempra Energy stock opened at $86.03 on Tuesday. Sempra Energy has a 12-month low of $76.21 and a 12-month high of $101.04. The stock has a 50-day simple moving average of $82.29 and a 200 day simple moving average of $89.41. The stock has a market capitalization of $56.25 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.33 and a beta of 0.55. 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 (NYSE:SRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion for 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%. Sempra Energy's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, research analysts anticipate that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid a $0.6575 dividend. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy's dividend payout ratio (DPR) is 76.23%.

Sempra Energy Company 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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