2,242,974 Shares in Sempra Energy $SRE Bought by Magellan Asset Management Ltd

Posted by Brenda Bartman on Aug 24th, 2026

Magellan Asset Management Ltd purchased a new stake in Sempra Energy (NYSE:SRE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,242,974 shares of the utilities provider’s stock, valued at approximately $207,946,000. Sempra Energy makes up about 4.6% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Carnegie Investment Counsel raised its position 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. raised its holdings in shares of Sempra Energy by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock worth $142,702,000 after buying an additional 74,749 shares in the last quarter. Dockside LLC bought a new stake in shares of Sempra Energy during the 4th quarter worth $3,938,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Sempra Energy in the fourth quarter valued at about $3,289,000. Finally, Bank of America Corp DE grew its position in Sempra Energy by 16.1% in the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after acquiring an additional 1,441,981 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lowered their target price 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. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research note on Thursday, August 13th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. 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. Based on data from MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.

Read Our Latest Research Report on SRE

Sempra Energy Stock Performance

NYSE:SRE opened at $82.87 on Monday. The stock has a market cap of $54.19 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 1.99 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. The stock’s 50-day moving average is $90.31 and its 200-day moving average is $92.23. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04.

Sempra Energy (NYSE:SRE – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business earned $0.89 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. 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. Equities research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Insider Activity

In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Sempra Energy Profile

(Free Report)

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.