Equitable Holdings Inc. purchased a new position in Sempra Energy (NYSE:SRE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 29,171 shares of the utilities provider’s stock, valued at approximately $2,704,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Centaurus Financial Inc. purchased a new position in Sempra Energy during the 2nd quarter valued at $1,169,000. Brasada Capital Management LP purchased a new stake in Sempra Energy in the second quarter worth $814,000. Jefferies Financial Group Inc. bought a new stake in shares of Sempra Energy during the second quarter worth $2,698,000. Public Employees Retirement System of Ohio bought a new stake in shares of Sempra Energy during the second quarter worth $23,340,000. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Sempra Energy during the second quarter valued at $1,125,000. 89.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Barclays cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Morgan Stanley reduced their target price on shares of 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, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.62.
Sempra Energy Stock Performance
Shares of Sempra Energy stock opened at $84.75 on Friday. The firm has a market cap of $55.42 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.05 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 stock’s fifty day moving average price is $89.80 and its 200-day moving average price is $92.16.
Sempra Energy (NYSE:SRE – Get Free Report) last released its quarterly earnings data 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. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the company posted $0.89 earnings per share. 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. On average, equities research analysts expect that Sempra Energy will post 5.12 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, EVP Caroline Ann Winn sold 8,000 shares of the business’s 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 sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. 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 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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