60,280,191 Shares in Sempra Energy $SRE Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 60.28 million Sempra shares worth approximately $5.59 billion, giving it a 9.22% stake. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.01 consensus estimate, although revenue of $3 billion came in below forecasts and was essentially flat year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $103.92 price target versus the stock’s reported $85.97 opening price.

BlackRock Inc. acquired a new stake in Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 60,280,191 shares of the utilities provider's stock, valued at approximately $5,588,577,000. BlackRock Inc. owned about 9.22% of Sempra Energy at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SRE. Empowered Funds LLC boosted its stake in shares of Sempra Energy by 52.5% during the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider's stock worth $1,285,000 after purchasing an additional 6,196 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider's stock valued at $3,819,000 after buying an additional 15,474 shares during the period. Baird Financial Group Inc. boosted its position in Sempra Energy by 6.2% during the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider's stock worth $1,114,000 after acquiring an additional 858 shares during the last quarter. Cary Street Partners Financial LLC boosted its position in Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider's stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Sempra Energy by 80.0% in the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider's stock worth $32,072,000 after acquiring an additional 188,131 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 25,164 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company's stock.

Sempra Energy Stock Performance

Shares of NYSE:SRE opened at $85.97 on Tuesday. The company has a market cap of $56.22 billion, a P/E ratio of 24.92, a PEG ratio of 2.08 and a beta of 0.57. 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 has a one year low of $78.97 and a one year high of $101.04. The business's 50-day simple moving average is $90.77 and its 200 day simple moving average is $92.26.

Sempra Energy (NYSE:SRE - Get Free Report) last released 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. The firm 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 quarter in the prior year, the business earned $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, sell-side analysts forecast that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reiterated an "overweight" rating and set a $118.00 target price 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. Finally, Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the company a "buy" rating in a research note on Thursday. One investment 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. Based on data from MarketBeat, Sempra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.92.

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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