Corient Private Wealth LP Invests $45.52 Million in Sempra Energy $SRE

Key Points

• Corient Private Wealth acquired 491,010 Sempra Energy shares worth approximately $45.5 million, while institutional investors collectively own 89.65% of the company.
• Sempra reported quarterly EPS of $1.16, beating the $1.01 analyst consensus, though revenue of $3 billion fell short of estimates and declined slightly year over year.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $103.62 versus its recent $84.75 share price.

Corient Private Wealth LP acquired 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 & Exchange Commission. The institutional investor acquired 491,010 shares of the utilities provider's stock, valued at approximately $45,522,000. Corient Private Wealth LP owned 0.08% of Sempra Energy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SRE. BlackRock Inc. purchased a new stake in shares of Sempra Energy during the second quarter worth $5,588,577,000. State Street Corp boosted its holdings in shares of Sempra Energy by 5.2% during the 4th 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 during the last quarter. Morgan Stanley increased its holdings in shares of Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Geode Capital Management LLC lifted its position in Sempra Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider's stock worth $1,256,592,000 after buying an additional 116,554 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in 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. Hedge funds and other institutional investors own 89.65% of the company's stock.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the firm'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 transaction, the executive vice president owned 25,164 shares of the company's stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Sempra Energy Stock Down 0.6%

Shares of NYSE:SRE opened at $84.75 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The stock has a market cap of $55.42 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The firm's 50 day moving average price is $89.80 and its 200 day moving average price is $92.16.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS 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 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 company's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, equities research analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of analyst reports. Morgan Stanley dropped their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, August 21st. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a research note on Thursday, July 16th. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Truist Financial set a $100.00 price target on Sempra Energy and gave the stock a "buy" rating in a research note on Thursday, August 13th. One research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.62.

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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