Sempra Energy $SRE Stock Position Boosted by Parcion Private Wealth LLC

Parcion Private Wealth LLC raised its holdings in shares of Sempra Energy (NYSE:SRE) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,661 shares of the utilities provider’s stock after acquiring an additional 5,872 shares during the period. Parcion Private Wealth LLC’s holdings in Sempra Energy were worth $4,261,000 at the end of the most recent reporting period.

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

Sempra Energy Trading Up 0.3%

Shares of NYSE SRE opened at $86.13 on Friday. The firm’s 50 day moving average price is $82.22 and its 200-day moving average price is $89.43. The company has a market cap of $56.32 billion, a PE ratio of 24.97, a P/E/G ratio of 2.37 and a beta of 0.55. Sempra Energy has a 52-week low of $76.21 and a 52-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.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data 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. The company had revenue of $3 billion during the quarter, compared to analyst estimates 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 for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $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, equities research analysts expect that Sempra Energy will post 5.13 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

SRE has been the subject of several research reports. BTIG Research set a $100.00 price objective on shares of Sempra Energy in a report on Tuesday, October 20th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Morgan Stanley cut 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. Finally, Jefferies Financial Group upgraded Sempra Energy from a “hold” rating to a “buy” rating and reduced their target price for the stock from $101.00 to $97.00 in a report on Tuesday, September 1st. Fourteen investment analysts have rated the stock with 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 an average target price of $100.53.

Sempra Energy 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.