Beacon Pointe Advisors LLC Acquires New Shares in Sempra Energy $SRE

Key Points

• Beacon Pointe Advisors bought 16,389 shares of Sempra Energy in the second quarter, valued at approximately $1.52 million. Institutional investors and hedge funds collectively own 89.65% of SRE.
• Analysts maintain a generally positive outlook, with Sempra receiving a “Moderate Buy” consensus rating and an average price target of $103.62; recent targets range from $100 to $103.
• Sempra reported quarterly EPS of $1.16, beating expectations of $1.01, while revenue totaled $3 billion. The stock opened at $84.25, below its 50-day and 200-day moving averages of $89.67 and $92.14, respectively.

Beacon Pointe Advisors LLC bought a new stake in Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,389 shares of the utilities provider's stock, valued at approximately $1,521,000.

Several other institutional investors also recently modified their holdings of SRE. BlackRock Inc. acquired a new position in Sempra Energy during the second quarter valued at approximately $5,588,577,000. State Street Corp boosted its position in shares of Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider's stock worth $3,273,460,000 after purchasing an additional 1,824,280 shares in the last quarter. Morgan Stanley grew its holdings 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 buying an additional 3,250,783 shares during the period. Geode Capital Management LLC grew its holdings 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 buying an additional 116,554 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Sempra Energy by 16.6% in 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 buying an additional 1,735,516 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent analyst reports. Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. Barclays dropped their price target 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. Truist Financial set a $100.00 price objective on Sempra Energy and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, TD Cowen initiated coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $103.62.

Sempra Energy Price Performance

NYSE SRE opened at $84.25 on Monday. The firm's 50 day moving average is $89.67 and its 200-day moving average is $92.14. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $55.09 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. Sempra Energy has a 12-month low of $78.97 and a 12-month high of $101.04.

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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the business earned $0.89 EPS. The company'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. Equities research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the company's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.

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