464,801 Shares in Sempra Energy $SRE Acquired by Royal London Asset Management Ltd.

Key Points

• Royal London Asset Management acquired 464,801 Sempra Energy shares worth approximately $43.1 million, representing about 0.07% of the company.
• Institutional investors own 89.65% of Sempra, with BlackRock, State Street, Morgan Stanley, Geode Capital and JPMorgan among the largest holders.
• Analysts give Sempra an overall “Moderate Buy” rating with an average price target of $103.62, while the stock recently traded at $84.25. The company also exceeded quarterly EPS expectations, reporting $1.16 versus the $1.01 consensus estimate.

Royal London Asset Management Ltd. bought a new position in Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 464,801 shares of the utilities provider's stock, valued at approximately $43,092,000. Royal London Asset Management Ltd. owned approximately 0.07% of Sempra Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Sempra Energy during the second quarter worth approximately $5,588,577,000. State Street Corp boosted its stake in shares of Sempra Energy by 5.2% in the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider's stock valued at $3,273,460,000 after purchasing an additional 1,824,280 shares in the last quarter. Morgan Stanley boosted its stake in shares of Sempra Energy by 17.0% in the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sempra Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider's stock valued at $1,256,592,000 after purchasing an additional 116,554 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Sempra Energy by 16.6% during the 4th quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider's stock valued at $1,073,918,000 after purchasing an additional 1,735,516 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Caroline Ann Winn sold 8,000 shares of the company's 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 transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. TD Cowen initiated coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They issued a "buy" rating on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research note on Thursday, July 16th. Morgan Stanley decreased their price objective on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Finally, Wall Street Zen raised Sempra Energy from a "sell" rating to a "hold" rating in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.62.

Sempra Energy Stock Down 0.6%

Shares of NYSE SRE opened at $84.25 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The firm's fifty day moving average is $89.67 and its 200 day moving average is $92.10. The company 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.

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, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company 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 research analysts expect that Sempra Energy will post 5.12 earnings per share 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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