New Mexico Educational Retirement Board purchased a new stake in Sempra Energy (NYSE:SRE – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,482 shares of the utilities provider’s stock, valued at approximately $3,011,000.
Other institutional investors also recently modified their holdings of the company. Pure Financial Advisors LLC bought a new stake in shares of Sempra Energy during the second quarter worth $4,555,000. Carnegie Investment Counsel increased its holdings in shares of Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock worth $16,265,000 after buying an additional 22,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Sempra Energy by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock valued at $142,702,000 after acquiring an additional 74,749 shares during the last quarter. Dockside LLC acquired a new stake in shares of Sempra Energy during the 4th quarter valued at $3,938,000. Finally, Magellan Asset Management Ltd boosted its holdings in shares of Sempra Energy by 4.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after acquiring an additional 91,519 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen started coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating on the stock. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Barclays lowered their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Sempra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $103.62.
Sempra Energy Stock Performance
NYSE SRE opened at $84.25 on Friday. The company has a market capitalization of $55.09 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.03 and a beta of 0.57. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The stock has a fifty day simple moving average of $89.67 and a 200 day simple moving average of $92.10. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.
Sempra Energy (NYSE:SRE – Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.Sempra Energy’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. 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. Sell-side analysts expect that Sempra Energy will post 5.12 EPS for the current year.
Insider Buying and Selling at Sempra Energy
In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.
Sempra Energy Company 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.
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