Kingsview Wealth Management LLC Acquires Shares of 47,268 Sempra Energy $SRE

Key Points

• Kingsview Wealth Management acquired 47,268 shares of Sempra Energy in the second quarter, worth approximately $4.38 million. Institutional investors collectively own 89.65% of SRE.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $103.62. Recent targets range from $100 to $104.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.01 consensus, although revenue of $3 billion slightly missed estimates and declined year over year.

Kingsview Wealth Management LLC acquired a new stake in Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,268 shares of the utilities provider's stock, valued at approximately $4,382,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pure Financial Advisors LLC bought a new position in Sempra Energy during the second quarter worth about $4,555,000. Carnegie Investment Counsel grew its stake in shares of Sempra Energy by 15.5% in the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after purchasing an additional 22,408 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Sempra Energy by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider's stock valued at $142,702,000 after purchasing an additional 74,749 shares during the period. Dockside LLC acquired a new position in shares of Sempra Energy in the 4th quarter worth approximately $3,938,000. Finally, Magellan Asset Management Ltd raised its holdings in shares of Sempra Energy by 4.2% in the 1st quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock worth $219,446,000 after buying an additional 91,519 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SRE. Truist Financial set a $100.00 target price on Sempra Energy and gave the stock a "buy" rating in a research report on Thursday, August 13th. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research note on Thursday, July 16th. Morgan Stanley cut their price objective on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, August 21st. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, 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. One 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.62.

Sempra Energy Stock Performance

NYSE:SRE opened at $84.25 on Friday. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The firm has a 50 day moving average of $89.67 and a 200-day moving average of $92.10. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57.

Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company earned $0.89 EPS. Sempra Energy's revenue for the quarter was down .1% on a year-over-year basis. 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, sell-side analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares of the company's stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company's stock.

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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