EP Wealth Advisors LLC Takes Position in Sempra Energy $SRE

EP Wealth Advisors LLC purchased a new stake in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 52,576 shares of the utilities provider's stock, valued at approximately $4,874,000.

Several other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Sempra Energy during the 2nd quarter worth $5,588,577,000. Norges Bank acquired a new stake in shares of Sempra Energy in the 4th quarter valued at $914,924,000. Deutsche Bank AG acquired a new stake in shares of Sempra Energy in the 2nd quarter valued at $896,599,000. Bank of New York Mellon Corp bought a new stake in shares of Sempra Energy during the second quarter worth $465,202,000. Finally, Morgan Stanley raised its position in shares of Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock worth $1,971,524,000 after acquiring an additional 3,250,783 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

Analyst Ratings Changes

SRE has been the topic of several research reports. Morgan Stanley cut their price target on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a research note on Friday. 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 price objective on Sempra Energy and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Truist Financial set a $100.00 price objective on Sempra Energy and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Barclays cut their target price on shares of Sempra Energy from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Thursday, July 9th. One research 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. According to data from MarketBeat, Sempra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $103.62.

Insider Buying and Selling

In related news, EVP Caroline Ann Winn sold 8,000 shares of the company's stock in a transaction dated Wednesday, June 17th. The stock was 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 owned 25,164 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.31% of the company's stock.

Sempra Energy Price Performance

SRE opened at $82.87 on Friday. The company has a fifty day moving average price of $90.31 and a two-hundred day moving average price of $92.18. The firm has a market capitalization of $54.19 billion, a PE ratio of 24.02, a P/E/G 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. 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 (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $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, analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

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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