Elevation Point Wealth Partners LLC Invests $1.44 Million in Sempra Energy $SRE

Key Points

• Elevation Point Wealth Partners acquired 15,442 Sempra Energy shares worth approximately $1.44 million in the second quarter. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra reported quarterly earnings of $1.16 per share, exceeding analysts’ $1.01 estimate, while revenue of $3 billion fell slightly short of expectations and declined marginally year over year.
• Sempra shares opened at $82.87, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.62, despite one executive selling $724,400 in shares.

Elevation Point Wealth Partners LLC acquired a new position in shares of Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,442 shares of the utilities provider's stock, valued at approximately $1,441,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenland Capital Management LP purchased a new stake in Sempra Energy during the second quarter worth approximately $7,245,000. Alta Advisers Ltd acquired a new stake in Sempra Energy during the second quarter worth approximately $238,000. Daiichi Life Insurance Co. Ltd. acquired a new stake in Sempra Energy during the second quarter worth approximately $2,573,000. Commerce Bank purchased a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $5,366,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sempra Energy in the 2nd quarter valued at $1,867,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Energy Stock Performance

Shares of SRE stock opened at $82.87 on Monday. The stock's 50-day moving average price is $90.31 and its 200 day moving average price is $92.23. 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 stock has a market capitalization of $54.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57. Sempra Energy has a 52-week low of $78.97 and a 52-week high of $101.04.

Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping 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 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 earned $0.89 earnings per share. The company'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. As a group, equities research analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Insider Activity

In related news, EVP Caroline Ann Winn sold 8,000 shares of the 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 completion of the transaction, the executive vice president directly owned 25,164 shares of the company's stock, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a research note on Friday. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a report on Thursday, July 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, TD Cowen initiated coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Sempra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $103.62.

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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