Empowered Funds LLC Purchases New Stake in Sempra Energy $SRE

Key Points

• Empowered Funds LLC acquired 52,159 Sempra Energy shares worth approximately $4.84 million during the second quarter. Institutional investors collectively own 89.65% of Sempra’s stock.
• Sempra reported quarterly EPS of $1.16, beating analyst expectations of $1.01, while revenue of $3 billion fell slightly short of forecasts and was essentially flat year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $102.92, compared with shares trading at $81.70; however, ratings range from bullish “outperform” and “overweight” calls to a neutral view.

Empowered Funds LLC acquired a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,159 shares of the utilities provider's stock, valued at approximately $4,836,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Woodline Partners LP increased its holdings in Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider's stock valued at $3,819,000 after buying an additional 15,474 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Sempra Energy by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider's stock worth $1,114,000 after acquiring an additional 858 shares in the last quarter. Cary Street Partners Financial LLC grew its position in shares of Sempra Energy by 78.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider's stock worth $58,000 after acquiring an additional 339 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Sempra Energy by 80.0% in the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider's stock valued at $32,072,000 after acquiring an additional 188,131 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Sempra Energy by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 844,551 shares of the utilities provider's stock valued at $63,992,000 after acquiring an additional 20,548 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Performance

Shares of SRE opened at $81.70 on Tuesday. The firm has a fifty day moving average of $89.47 and a 200-day moving average of $92.08. The company has a market cap of $53.42 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.03 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. 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 released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to analysts' expectations 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 for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. 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 analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Morgan Stanley decreased their price target 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. Mizuho reiterated a "neutral" rating and set a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a research note on Monday. Finally, Barclays decreased their target price on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Sempra Energy has a consensus rating of "Moderate Buy" and an average price target of $102.92.

Insider Buying and Selling at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company's stock.

Sempra Energy Company 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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