Sempra Energy $SRE Position Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its position in shares of Sempra Energy (NYSE:SRE) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 602,551 shares of the utilities provider’s stock after selling 52,119 shares during the period. Sempra Energy makes up about 0.7% of Maryland State Retirement & Pension System’s portfolio, making the stock its 25th largest holding. Maryland State Retirement & Pension System owned approximately 0.09% of Sempra Energy worth $46,975,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SRE. BlackRock Inc. bought a new stake in Sempra Energy during the second quarter worth $5,588,577,000. Bank of America Corp DE bought a new position in shares of Sempra Energy in the 2nd quarter valued at $957,056,000. Deutsche Bank AG bought a new position in shares of Sempra Energy in the 2nd quarter valued at $896,599,000. Legal & General Group Plc bought a new position in shares of Sempra Energy in the 2nd quarter valued at $538,775,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sempra Energy during the 2nd quarter worth $465,202,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SRE. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research set a $100.00 target price on shares of Sempra Energy in a report on Tuesday, October 20th. HSBC started coverage on shares of Sempra Energy in a report on Thursday, October 22nd. They issued a “buy” rating and a $97.50 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Fourteen 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, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.47.

Sempra Energy Stock Down 0.1%

Shares of SRE opened at $78.33 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.61. Sempra Energy has a 52 week low of $76.21 and a 52 week high of $101.04. The stock has a market capitalization of $51.24 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.15 and a beta of 0.55. The stock has a fifty day moving average of $81.75 and a 200-day moving average of $89.12.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. Sempra Energy had a return on equity of 8.84% and a net margin of 22.53%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $1.11 EPS. Sempra Energy’s quarterly revenue was up 1.3% 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. As a group, sell-side analysts anticipate that Sempra Energy will post 5.15 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, December 10th. Sempra Energy’s payout ratio is 56.32%.

About Sempra Energy

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.