SRE
Quiet money, loud message
ZWJ Investment Counsel added to its Sempra position, lifting its stake by 5.1% to 321,145 shares. At about $28.35 million, that’s not pocket change — and it nudges the message a little louder: institutions still seem comfortable parking capital in the regulated-utility world.
Why you should care
Sempra isn’t the kind of stock that shows up to the party wearing a sequined jacket. It’s more the reliable friend who brings snacks, pays on time, and occasionally surprises you with a better-than-expected earnings report. The company recently beat EPS estimates at $1.28 versus $1.12 expected, even if revenue came in a touch light at $3.75 billion.
Dividend lovers, take note
Sempra also raised its quarterly dividend to $0.6575 per share, up from $0.65. That sounds tiny, but in utility-land, those little step-ups are the whole game. The annualized payout now pencils out to about $2.63 a share, which helps explain why income investors keep treating SRE like a checkout line they’re happy to stand in.
Big picture
The headline here isn’t a dramatic thesis change — it’s a reminder that institutions are still leaning into Sempra’s mix of earnings stability, dividend support, and infrastructure exposure. If you own the stock, this is the kind of incremental vote of confidence that can help keep the floor from getting wobbly.