Perigon Wealth Management LLC Purchases New Position in Sempra Energy $SRE

Perigon Wealth Management LLC purchased a new stake in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,682 shares of the utilities provider’s stock, valued at approximately $2,196,000.

Several other large investors have also recently added to or reduced their stakes in SRE. Empowered Funds LLC raised its stake in shares of Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after acquiring an additional 6,196 shares during the last quarter. Woodline Partners LP raised its position in shares of Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after acquiring an additional 15,474 shares during the last quarter. Baird Financial Group Inc. lifted its position in Sempra Energy by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 858 shares during the period. Cary Street Partners Financial LLC boosted its stake in Sempra Energy by 78.5% in the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Sempra Energy by 80.0% in the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after purchasing an additional 188,131 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Insider Activity at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Sempra Energy Stock Performance

Sempra Energy stock opened at $85.97 on Tuesday. The business has a 50 day moving average of $90.77 and a 200-day moving average of $92.26. The company has a market capitalization of $56.22 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.08 and a beta of 0.57. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter 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. On average, equities research analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SRE shares. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating and issued a $108.00 price target on shares of Sempra Energy in a research note on Wednesday, July 22nd. Finally, Barclays cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.92.

Sempra Energy Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.