Financial Alternatives Inc Buys Shares of 19,741 Sempra Energy $SRE

Key Points

• Financial Alternatives Inc. acquired 19,741 Sempra Energy shares worth approximately $1.83 million, making SRE its 14th-largest holding. Institutional investors collectively own 89.65% of the stock.
• Analysts maintain a broadly positive outlook, with Sempra receiving a consensus “Moderate Buy” rating and an average price target of $103.92, above its reported market price of $85.51.
• Sempra shares were down 1.9%, despite the company beating quarterly EPS estimates ($1.16 versus $1.01); revenue totaled $3 billion and declined slightly year over year.

Financial Alternatives Inc bought a new position in shares of 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 bought 19,741 shares of the utilities provider's stock, valued at approximately $1,830,000. Sempra Energy comprises about 0.9% of Financial Alternatives Inc's holdings, making the stock its 14th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Sempra Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider's stock valued at $6,774,907,000 after acquiring an additional 1,008,476 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Sempra Energy during the 2nd quarter valued at $5,588,577,000. State Street Corp boosted its stake in 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 acquiring an additional 1,824,280 shares in the last quarter. Morgan Stanley boosted its stake in 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Sempra Energy by 0.8% in 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 purchasing an additional 116,554 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SRE. Wall Street Zen raised Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Morgan Stanley reiterated an "overweight" rating and issued a $108.00 price target on shares of Sempra Energy in a report on Wednesday, July 22nd. Truist Financial set a $100.00 price objective on Sempra Energy and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a report on Thursday, July 16th. Finally, TD Cowen assumed coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $103.92.

Insider Buying and Selling

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

Sempra Energy Trading Down 1.9%

Shares of SRE stock opened at $85.51 on Thursday. 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 company has a market capitalization of $55.91 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.10 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 50-day simple moving average of $90.59 and a two-hundred day simple moving average of $92.25.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the firm posted $0.89 EPS. The business's 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. Research analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

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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