Profund Advisors LLC Acquires New Holdings in Sempra Energy $SRE

Profund Advisors LLC bought a new stake in Sempra Energy (NYSE:SRE) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 19,607 shares of the utilities provider’s stock, valued at approximately $1,529,000.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC acquired a new position in Sempra Energy in the third quarter valued at $12,122,000. Vise Technologies Inc. grew its holdings in shares of Sempra Energy by 36.8% during the third quarter. Vise Technologies Inc. now owns 12,131 shares of the utilities provider’s stock worth $946,000 after purchasing an additional 3,262 shares during the last quarter. Cidel Asset Management Inc. increased its position in shares of Sempra Energy by 4.9% during the third quarter. Cidel Asset Management Inc. now owns 4,941 shares of the utilities provider’s stock worth $385,000 after purchasing an additional 231 shares in the last quarter. Intrua Financial LLC increased its position in shares of Sempra Energy by 22.9% during the third quarter. Intrua Financial LLC now owns 3,593 shares of the utilities provider’s stock worth $280,000 after purchasing an additional 670 shares in the last quarter. Finally, MGO One Seven LLC increased its position in shares of Sempra Energy by 7.9% during the third quarter. MGO One Seven LLC now owns 15,913 shares of the utilities provider’s stock worth $1,241,000 after purchasing an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Cowen assumed coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Weiss Ratings downgraded Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Mizuho lowered Sempra Energy from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $104.00 to $84.00 in a research report on Monday, August 31st. JPMorgan Chase & Co. reduced their price objective on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Finally, BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $100.53.

Sempra Energy Trading Down 0.0%

Shares of Sempra Energy stock opened at $86.03 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The company has a market capitalization of $56.25 billion, a P/E ratio of 24.93, a PEG ratio of 2.33 and a beta of 0.55. Sempra Energy has a 1 year low of $76.21 and a 1 year high of $101.04. The company’s fifty day moving average is $82.29 and its two-hundred day moving average is $89.41.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. 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 5.13 earnings per share for the current year.

Sempra Energy Announces Dividend

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

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.