Bcwm LLC purchased a new stake in shares of Sempra Energy (NYSE:SRE – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 122,291 shares of the utilities provider’s stock, valued at approximately $11,338,000. Sempra Energy comprises approximately 3.3% of Bcwm LLC’s holdings, making the stock its 6th biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in SRE. Carnegie Investment Counsel lifted its holdings in Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after purchasing an additional 22,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Sempra Energy by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock worth $142,702,000 after purchasing an additional 74,749 shares during the period. Dockside LLC purchased a new stake in shares of Sempra Energy in the fourth quarter worth $3,938,000. Magellan Asset Management Ltd increased its stake in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock worth $219,446,000 after purchasing an additional 91,519 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Sempra Energy during the 4th quarter valued at $3,289,000. Institutional investors own 89.65% of the company’s stock.
Insiders Place Their Bets
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.
Sempra Energy Stock Up 1.6%
Sempra Energy (NYSE:SRE – Get Free Report) last issued 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 firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business’s revenue was down .1% compared to the same quarter last year. During the same period 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. Analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SRE has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Truist Financial set a $100.00 price target on Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Morgan Stanley lowered their price objective on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Finally, BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $103.62.
Read Our Latest Stock Analysis on Sempra Energy
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.
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