Flputnam Investment Management Co. Invests $2.29 Million in Sempra Energy $SRE

Key Points

• Flputnam Investment Management purchased 24,661 shares of Sempra Energy worth approximately $2.29 million during the second quarter. Institutional investors and hedge funds collectively own 89.65% of SRE.
• Sempra shares opened at $85.97, below their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $1.16, beating estimates of $1.01, while revenue came in at $3 billion, slightly below forecasts.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $103.92, implying upside from the reported share price.

Flputnam Investment Management Co. purchased a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 24,661 shares of the utilities provider's stock, valued at approximately $2,286,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Sempra Energy during the 4th quarter worth $914,924,000. Bank of New York Mellon Corp bought a new stake in shares of Sempra Energy during the second quarter worth about $465,202,000. Morgan Stanley raised its holdings in Sempra Energy by 17.0% in 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. Invesco Ltd. boosted its position in Sempra Energy by 40.1% during the 3rd quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider's stock worth $937,512,000 after buying an additional 2,984,409 shares during the period. Finally, National Pension Service boosted its position in Sempra Energy by 246.4% during the 4th quarter. National Pension Service now owns 2,826,999 shares of the utilities provider's stock worth $249,596,000 after buying an additional 2,010,853 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Stock Down 0.5%

Shares of Sempra Energy stock opened at $85.97 on Tuesday. The stock's 50-day moving average is $90.77 and its 200 day moving average is $92.26. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The firm has a market cap of $56.22 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly 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. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 earnings per share. 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. Equities research analysts anticipate that Sempra Energy will post 5.12 EPS for the current year.

Insider Activity at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the business'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 directly owned 25,164 shares of the company's stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SRE. Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a research note on Thursday, July 16th. TD Cowen began coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a "buy" rating on the stock. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Morgan Stanley restated an "overweight" rating and set a $108.00 price objective on shares of Sempra Energy in a research report on Wednesday, July 22nd. Finally, Truist Financial set a $100.00 price objective on Sempra Energy and gave the stock a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.92.

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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