ABS Investment Management LLC Acquires Shares of 50,093 Sempra Energy $SRE

Key Points

• ABS Investment Management acquired 50,093 shares of Sempra Energy in the second quarter, making the utility stock approximately 3.7% of its portfolio. Institutional investors and hedge funds collectively own 89.65% of Sempra’s shares.
• Analysts maintain a generally positive outlook, with Sempra holding a consensus “Moderate Buy” rating and an average price target of $103.62. Recent ratings include Morgan Stanley’s “Overweight,” BMO’s “Outperform,” and Truist’s “Buy.”
• Sempra’s latest quarterly earnings exceeded expectations, with EPS of $1.16 versus the $1.01 consensus estimate, although revenue of $3 billion fell short of forecasts and was slightly lower year over year. The stock opened at $84.03, below its 52-week high of $101.04.

ABS Investment Management LLC bought a new position in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 50,093 shares of the utilities provider's stock, valued at approximately $5,377,180,000. Sempra Energy makes up about 3.7% of ABS Investment Management LLC's holdings, making the stock its 7th biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. Creative Capital Management Investments LLC grew its stake in Sempra Energy by 12.1% in the first quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider's stock valued at $101,000 after purchasing an additional 112 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in Sempra Energy by 79.5% in the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock worth $25,000 after buying an additional 116 shares during the last quarter. Gulf International Bank UK Ltd increased its holdings in Sempra Energy by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider's stock worth $3,091,000 after buying an additional 123 shares during the last quarter. Rothschild Investment LLC raised its position in Sempra Energy by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider's stock valued at $324,000 after acquiring an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Sempra Energy by 57.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SRE shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. Morgan Stanley cut their price target on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.62.

Sempra Energy Stock Down 0.6%

Sempra Energy stock opened at $84.03 on Wednesday. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The firm has a fifty day moving average price of $90.01 and a two-hundred day moving average price of $92.19.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm's revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. 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. As a group, analysts forecast that Sempra Energy will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company's stock, valued at $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

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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