32,482 Shares in Sempra Energy $SRE Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new position in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,482 shares of the utilities provider’s stock, valued at approximately $2,532,000.

Other large investors have also made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in Sempra Energy in the 2nd quarter worth $25,000. Frazier Financial Advisors LLC acquired a new position in Sempra Energy during the second quarter worth $25,000. Anchor Investment Management LLC purchased a new position in Sempra Energy during the second quarter valued at $26,000. Asset Dedication LLC purchased a new position in Sempra Energy during the third quarter valued at $26,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Sempra Energy during the second quarter valued at $27,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SRE shares. Morgan Stanley cut their target price on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Weiss Ratings downgraded Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Ladenburg Thalmann & Co. Inc. decreased their target price on Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. lowered their price target on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Barclays reiterated an “overweight” rating and set a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.47.

Sempra Energy Stock Performance

SRE opened at $78.33 on Thursday. Sempra Energy has a twelve month low of $76.21 and a twelve month high of $101.04. The firm has a market capitalization of $51.24 billion, a PE ratio of 16.77, a PEG ratio of 2.15 and a beta of 0.55. 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 firm’s 50-day moving average price is $81.75 and its 200 day moving average price is $89.12.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 EPS for the quarter, beating 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. Sempra Energy’s quarterly revenue 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. As a group, sell-side analysts expect that Sempra Energy will post 5.15 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be given a dividend of $0.6575 per share. The ex-dividend date is Thursday, December 10th. This represents a $2.63 dividend on an annualized basis and a yield of 3.4%. Sempra Energy’s dividend payout ratio (DPR) is presently 56.32%.

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.