Hennessy Advisors Inc. acquired a new position in Sempra Energy (NYSE:SRE – Free Report) during the second quarter, Holdings Channel reports. The firm acquired 279,780 shares of the utilities provider’s stock, valued at approximately $25,938,000.
Several other large investors also recently added to or reduced their stakes in SRE. BlackRock Inc. bought a new position in Sempra Energy in the 2nd quarter worth about $5,588,577,000. Norges Bank purchased a new position in shares of Sempra Energy during the fourth quarter worth about $914,924,000. Bank of America Corp DE bought a new position in shares of Sempra Energy in the second quarter worth approximately $957,056,000. Deutsche Bank AG bought a new position in shares of Sempra Energy in the second quarter worth approximately $896,599,000. Finally, Legal & General Group Plc bought a new stake in shares of Sempra Energy during the 2nd quarter worth $538,775,000. Institutional investors own 89.65% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on SRE. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research report on Thursday, July 16th. Morgan Stanley dropped their target price on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $103.62.
Insiders Place Their Bets
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.
Sempra Energy Stock Performance
Shares of Sempra Energy stock opened at $84.25 on Friday. The firm has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.03 and a beta of 0.57. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The business has a fifty day simple moving average of $89.67 and a two-hundred day simple moving average of $92.10.
Sempra Energy (NYSE:SRE – Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company 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 analysts forecast that Sempra Energy will post 5.12 earnings per share for the current fiscal year.
About Sempra Energy
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.
Featured Articles
- Five stocks we like better than Sempra Energy
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE – Free Report).
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.
