Tidal Investments LLC Buys 37,212 Shares of Sempra Energy $SRE

Tidal Investments LLC increased its stake in shares of Sempra Energy (NYSE:SRE) by 86.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,245 shares of the utilities provider’s stock after purchasing an additional 37,212 shares during the quarter. Tidal Investments LLC’s holdings in Sempra Energy were worth $7,440,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SRE. Creative Capital Management Investments LLC boosted its holdings in shares of Sempra Energy by 12.1% in the 1st quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock valued at $101,000 after buying an additional 112 shares in the last quarter. Bell Investment Advisors Inc grew its position in shares of Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after buying an additional 116 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Sempra Energy by 0.4% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after acquiring an additional 123 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Sempra Energy by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Sempra Energy by 57.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on SRE shares. Barclays lowered their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Truist Financial set a $96.00 price objective on Sempra Energy and gave the company a “buy” rating in a report on Thursday, September 3rd. Morgan Stanley lowered their price objective on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Jefferies Financial Group upgraded Sempra Energy from a “hold” rating to a “buy” rating and dropped their target price for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Insiders Place Their Bets

In other news, EVP Caroline Winn sold 8,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Sempra Energy Trading Down 0.7%

Shares of Sempra Energy stock opened at $83.44 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12-month low of $79.59 and a 12-month high of $101.04. The firm has a market capitalization of $54.56 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.30 and a beta of 0.55. The firm’s 50 day simple moving average is $87.91 and its two-hundred day simple moving average is $91.53.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Analysts predict that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, September 24th. Sempra Energy’s payout ratio is presently 76.23%.

About Sempra Energy

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.