Deutsche Bank AG acquired a new position in shares of Sempra Energy (NYSE:SRE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,671,008 shares of the utilities provider’s stock, valued at approximately $896,599,000. Deutsche Bank AG owned approximately 1.48% of Sempra Energy at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Carnegie Investment Counsel increased its stake in Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after acquiring an additional 22,408 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Sempra Energy by 4.9% during 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 last quarter. Dockside LLC bought a new stake in Sempra Energy during the fourth quarter worth about $3,938,000. Magellan Asset Management Ltd boosted its holdings in shares of Sempra Energy by 4.2% in the 1st 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. purchased a new position in shares of Sempra Energy in the 4th quarter worth about $3,289,000. 89.65% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Sempra Energy
In other news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.
Sempra Energy Stock Down 0.5%
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 for the quarter, beating the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion during 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%.Sempra Energy’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. On average, equities analysts expect that Sempra Energy will post 5.12 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on SRE. Barclays reduced their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Wells Fargo & Company reiterated 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 reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.92.
Get Our Latest Analysis on SRE
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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