Daiichi Life Insurance Co. Ltd. Takes $2.57 Million Position in Sempra Energy $SRE

Key Points

• Daiichi Life Insurance acquired 27,751 shares of Sempra Energy worth approximately $2.57 million, while institutional investors collectively own 89.65% of the company.
• Sempra reported quarterly EPS of $1.16, beating estimates of $1.01, although revenue of $3 billion fell short of expectations and declined slightly year over year.
• Analysts maintain a broadly positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $103.62, above its reported opening price of $82.87.

Daiichi Life Insurance Co. Ltd. bought a new stake in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,751 shares of the utilities provider's stock, valued at approximately $2,573,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Sempra Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider's stock worth $6,774,907,000 after acquiring an additional 1,008,476 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Sempra Energy during the second quarter valued at approximately $5,588,577,000. State Street Corp raised 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 during the period. Morgan Stanley lifted its position in shares of Sempra Energy by 17.0% during 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 last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Sempra Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider's stock worth $1,256,592,000 after acquiring an additional 116,554 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $82.87 on Monday. The stock has a market cap of $54.19 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.99 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The stock's fifty day moving average is $90.31 and its 200 day moving average is $92.23. Sempra Energy has a one year low of $78.97 and a one 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, topping analysts' consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The business's quarterly revenue was down .1% on a year-over-year basis. 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. Sell-side analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SRE shares. Barclays reduced their target price on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Thursday, July 9th. Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the company a "buy" rating in a research report on Thursday, August 13th. TD Cowen began coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a "buy" rating for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. Finally, Morgan Stanley cut their price objective on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $103.62.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president directly owned 25,164 shares of the company's stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company's stock.

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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