Freestone Grove Partners LP Purchases New Shares in Sempra Energy $SRE

Key Points

• Freestone Grove Partners purchased 274,187 shares of Sempra Energy in the second quarter, valued at approximately $25.4 million. Institutional investors collectively own 89.65% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $103.62; Sempra’s shares opened at $84.75.
• Sempra reported quarterly EPS of $1.16, beating estimates of $1.01, while revenue totaled $3 billion and declined slightly year over year. Executive Vice President Caroline Ann Winn also sold 8,000 shares worth $724,400.

Freestone Grove Partners LP purchased a new position in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 274,187 shares of the utilities provider's stock, valued at approximately $25,420,000.

A number of other hedge funds have also bought and sold shares of the company. Carnegie Investment Counsel boosted its holdings in Sempra Energy by 15.5% during the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after acquiring an additional 22,408 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sempra Energy by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider's stock worth $142,702,000 after purchasing an additional 74,749 shares during the period. Dockside LLC purchased a new stake in Sempra Energy in the fourth quarter worth $3,938,000. Magellan Asset Management Ltd lifted its position in shares of Sempra Energy by 4.2% during the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock worth $219,446,000 after purchasing an additional 91,519 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Sempra Energy during the fourth quarter worth $3,289,000. Institutional investors own 89.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SRE. 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 report on Friday, August 21st. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. TD Cowen initiated coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating on the stock. Barclays decreased their price target on shares of Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Finally, Wall Street Zen raised Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.62.

Insider Transactions at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

Sempra Energy Trading Down 0.6%

NYSE:SRE opened at $84.75 on Friday. Sempra Energy has a one year low of $78.97 and a one year 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. The firm has a market cap of $55.42 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.05 and a beta of 0.57. The firm has a 50-day simple moving average of $89.80 and a 200-day simple moving average of $92.16.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy's revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $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 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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