21,624 Shares in Sempra Energy $SRE Acquired by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC bought a new position in shares of Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 21,624 shares of the utilities provider's stock, valued at approximately $2,005,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SRE. BlackRock Inc. bought a new stake in shares of Sempra Energy during the second quarter worth $5,588,577,000. Norges Bank bought a new position in Sempra Energy during the 4th quarter worth about $914,924,000. Bank of America Corp DE acquired a new stake in shares of Sempra Energy in the 2nd quarter valued at about $957,056,000. Deutsche Bank AG bought a new stake in shares of Sempra Energy in the second quarter valued at about $896,599,000. Finally, Legal & General Group Plc acquired a new position in shares of Sempra Energy during the second quarter worth about $538,775,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays dropped their target price 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. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. Morgan Stanley decreased their price objective on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, August 21st. Truist Financial set a $100.00 target price on Sempra Energy and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, TD Cowen began coverage on Sempra Energy in a report on Wednesday, July 8th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Sempra Energy presently has an average rating of "Moderate Buy" and an average target price of $103.62.

Insider Activity

In related 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 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. The trade was a 24.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.31% of the company's stock.

Sempra Energy Stock Down 0.6%

Shares of SRE stock opened at $84.25 on Friday. Sempra Energy has a 52-week low of $78.97 and a 52-week high of $101.04. The stock has a market cap of $55.09 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.03 and a beta of 0.57. The firm's 50-day moving average is $89.67 and its 200-day moving average is $92.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The business's revenue was down .1% compared to the same quarter last year. 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. Sell-side analysts predict that Sempra Energy will post 5.12 EPS for the current year.

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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