B. Metzler seel. Sohn & Co. AG Buys Shares of 82,611 Sempra Energy $SRE

B. Metzler seel. Sohn & Co. AG bought a new position in Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 82,611 shares of the utilities provider's stock, valued at approximately $7,659,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Capital Management Investments LLC lifted 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 acquiring an additional 112 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of Sempra Energy by 0.4% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider's stock valued at $3,091,000 after purchasing an additional 123 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Sempra Energy by 3.5% in the 4th quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider's stock valued at $324,000 after purchasing an additional 124 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Sempra Energy by 57.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 127 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

NYSE:SRE opened at $87.44 on Friday. The stock has a market cap of $57.18 billion, a P/E ratio of 25.35, a PEG ratio of 2.06 and a beta of 0.57. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company has a fifty day moving average price of $90.50 and a 200 day moving average price of $92.25. 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 (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

SRE has been the subject of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $108.00 price target on shares of Sempra Energy in a research note on Wednesday, July 22nd. TD Cowen started coverage on Sempra Energy in a research note on Wednesday, July 8th. They issued a "buy" rating on the stock. Truist Financial set a $100.00 target price on Sempra Energy and gave the stock a "buy" rating in a report on Thursday, August 13th. Barclays decreased their target price on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. Finally, Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.92.

Insider Activity at Sempra Energy

In other 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 sale, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company's stock.

About Sempra Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source