Ieq Capital LLC Buys Shares of 68,050 Sempra Energy $SRE

Key Points

• Ieq Capital acquired 68,050 shares of Sempra Energy in the second quarter, valued at approximately $6.3 million. Institutional investors and hedge funds collectively own 89.65% of SRE.
• Analysts maintain a generally positive outlook, with Sempra receiving a “Moderate Buy” consensus rating and an average price target of $103.62, above its reported $82.87 share price.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in adjusted EPS versus the $1.01 consensus, although revenue of $3 billion fell short of estimates and was slightly lower year over year.

Ieq Capital LLC bought a new stake in Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,050 shares of the utilities provider's stock, valued at approximately $6,309,000.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Capital Management Investments LLC lifted its holdings in Sempra Energy by 12.1% in the 1st quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider's stock valued at $101,000 after purchasing an additional 112 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Sempra Energy by 0.4% during the fourth quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider's stock worth $3,091,000 after buying an additional 123 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Sempra Energy by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider's stock worth $324,000 after buying an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock valued at $31,000 after buying an additional 127 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

SRE has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. TD Cowen began coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a "buy" rating on the stock. Morgan Stanley lowered their target price on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Jefferies Financial Group set a $101.00 price target on Sempra Energy in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.62.

Sempra Energy Stock Down 0.0%

SRE stock opened at $82.87 on Monday. The firm has a market cap of $54.19 billion, a PE ratio of 24.02, a PEG ratio of 1.99 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. The firm's 50 day moving average price is $90.31 and its 200-day moving average price is $92.23. Sempra Energy has a one year low of $78.97 and a one year high of $101.04.

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 for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion during 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 firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, equities research analysts anticipate that Sempra Energy will post 5.12 EPS for the current 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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