Cookson Peirce & Co. Inc. Makes New $1.51 Million Investment in Sempra Energy $SRE

Key Points

• Cookson Peirce & Co. acquired a new 16,321-share stake in Sempra Energy during the second quarter, valued at approximately $1.51 million. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.62, despite recent target reductions by Morgan Stanley and Barclays.
• Sempra reported quarterly adjusted earnings of $1.16 per share, beating estimates of $1.01, while revenue totaled $3 billion. Shares opened at $84.25, below the consensus target and near the lower end of their 52-week range.

Cookson Peirce & Co. Inc. acquired a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,321 shares of the utilities provider's stock, valued at approximately $1,513,000.

Other institutional investors have also modified their holdings of the company. Pure Financial Advisors LLC bought a new position in shares of Sempra Energy in the second quarter valued at approximately $4,555,000. Carnegie Investment Counsel raised its holdings in shares of Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock worth $16,265,000 after acquiring an additional 22,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Sempra Energy by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider's stock valued at $142,702,000 after acquiring an additional 74,749 shares during the last quarter. Dockside LLC acquired a new stake in shares of Sempra Energy in the fourth quarter worth about $3,938,000. Finally, Magellan Asset Management Ltd lifted its stake in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock worth $219,446,000 after buying an additional 91,519 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction on 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 $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SRE. Morgan Stanley cut their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. TD Cowen assumed coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a "buy" rating on the stock. Barclays dropped their price target on shares of Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Finally, BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.62.

Sempra Energy Stock Down 0.1%

Shares of SRE stock opened at $84.25 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The firm's fifty day moving average price is $89.67 and its two-hundred day moving average price is $92.14. The firm has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a PEG ratio of 2.03 and a beta of 0.57. Sempra Energy has a 1 year low of $78.97 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The business's quarterly 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. On average, equities analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy 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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