Kornitzer Capital Management Inc. KS Acquires 12,200 Shares of Sempra Energy $SRE

Kornitzer Capital Management Inc. KS acquired a new position in shares of Sempra Energy (NYSE:SRE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,200 shares of the utilities provider’s stock, valued at approximately $951,000.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA increased its position in Sempra Energy by 14.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,700,225 shares of the utilities provider’s stock worth $366,430,000 after purchasing an additional 606,600 shares during the period. Asset Dedication LLC acquired a new stake in shares of Sempra Energy in the 3rd quarter valued at approximately $26,000. Prudent Man Investment Management Inc. boosted its stake in shares of Sempra Energy by 89.7% in the third quarter. Prudent Man Investment Management Inc. now owns 569 shares of the utilities provider’s stock valued at $44,000 after buying an additional 269 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Sempra Energy in the third quarter valued at approximately $4,192,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in shares of Sempra Energy by 4.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,040 shares of the utilities provider’s stock valued at $315,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Trading Down 0.5%

Shares of Sempra Energy stock opened at $78.42 on Wednesday. The company has a 50-day moving average of $81.86 and a two-hundred day moving average of $89.15. Sempra Energy has a 12-month low of $76.21 and a 12-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 stock has a market cap of $51.29 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.17 and a beta of 0.55.

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

Sempra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SRE. The Goldman Sachs Group upped their price objective on Sempra Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Weiss Ratings downgraded Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. BTIG Research set a $100.00 target price on Sempra Energy in a report on Tuesday, October 20th. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, HSBC started coverage on shares of Sempra Energy in a research note on Thursday, October 22nd. They set a “buy” rating and a $97.50 price target on the stock. Fourteen equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.47.

Sempra Energy Profile

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.