Rock Creek Group LLC Buys 35,000 Shares of Sempra Energy $SRE

Rock Creek Group LLC purchased a new position in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,000 shares of the utilities provider’s stock, valued at approximately $2,729,000. Sempra Energy makes up about 0.3% of Rock Creek Group LLC’s holdings, making the stock its 26th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in SRE. Harbour Investments Inc. purchased a new position in shares of Sempra Energy in the 3rd quarter valued at about $239,000. Optas LLC raised its holdings in Sempra Energy by 22.9% in the 3rd quarter. Optas LLC now owns 2,715 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 505 shares during the period. Danske Bank A S purchased a new position in Sempra Energy during the third quarter worth approximately $48,275,000. Diversified Trust Co purchased a new position in Sempra Energy during the third quarter worth approximately $460,000. Finally, Money Concepts Capital Corp purchased a new position in Sempra Energy during the third quarter worth approximately $287,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

Sempra Energy stock traded up $0.61 during midday trading on Friday, reaching $79.59. The company had a trading volume of 3,402,218 shares, compared to its average volume of 4,586,798. The company has a market capitalization of $52.06 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.17 and a beta of 0.55. Sempra Energy has a 12-month low of $76.21 and a 12-month high of $101.04. The firm’s fifty day simple moving average is $81.56 and its 200-day simple moving average is $89.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.59.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. Sempra Energy had a return on equity of 8.84% and a net margin of 22.53%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the business 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, equities analysts anticipate that Sempra Energy will post 5.15 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently declared 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. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, December 10th. Sempra Energy’s payout ratio is presently 56.32%.

Analysts Set New Price Targets

Several brokerages have commented on SRE. HSBC started coverage on Sempra Energy in a report on Thursday, October 22nd. They issued a “buy” rating and a $97.50 price objective on the stock. Truist Financial set a $94.00 target price on Sempra Energy and gave the stock a “buy” rating in a research note on Wednesday, October 14th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Barclays reissued an “overweight” rating and issued a $90.00 price target (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, Sempra Energy has an average rating of “Moderate Buy” and an average 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.