7,124 Shares in Sempra Energy $SRE Bought by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. bought a new stake in Sempra Energy (NYSE:SRE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,124 shares of the utilities provider’s stock, valued at approximately $557,000.

A number of other hedge funds also recently made changes to their positions in SRE. Bell Investment Advisors Inc bought a new stake in Sempra Energy during the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Sempra Energy during the second quarter valued at about $25,000. Anchor Investment Management LLC acquired a new stake in Sempra Energy in the second quarter worth about $26,000. Asset Dedication LLC acquired a new stake in Sempra Energy in the third quarter worth about $26,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Sempra Energy in the second quarter worth about $27,000. Institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank started coverage on shares of Sempra Energy in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $83.00 price target on the stock. Truist Financial set a $94.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and decreased their price objective for the company from $101.00 to $97.00 in a report on Tuesday, September 1st. Finally, Barclays reiterated an “overweight” rating and set a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.47.

Sempra Energy Stock Performance

NYSE:SRE opened at $78.42 on Wednesday. Sempra Energy has a twelve month low of $76.21 and a twelve month high of $101.04. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $81.86 and a 200-day moving average of $89.15. The firm has a market cap of $51.29 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 2.17 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, November 5th. The utilities provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. Sempra Energy had a net margin of 22.53% and a return on equity of 8.84%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 1.3% 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. Analysts forecast that Sempra Energy will post 5.14 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th were given a $0.6575 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.63 annualized dividend and a yield of 3.4%. Sempra Energy’s payout ratio is 56.32%.

About Sempra Energy

Sempra is a North American energy infrastructure company headquartered in San Diego, California. Formed in 1998 through the merger of Pacific Enterprises and Enova Corporation, the company develops and operates regulated utilities and energy infrastructure. In California, Sempra’s utilities include San Diego Gas & Electric and Southern California Gas Company, which provide electricity and natural gas services to homes and businesses. In Texas, its operations include an ownership interest in Oncor, an electric transmission and distribution company.