Man Group plc Acquires Shares of 92,047 Sempra Energy $SRE

Key Points

• Man Group plc acquired 92,047 Sempra Energy shares in the second quarter, valued at approximately $8.5 million. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra shares opened at $84.25, below their 50-day and 200-day moving averages, with a 52-week range of $78.97 to $101.04.
• Sempra exceeded quarterly EPS expectations, reporting $1.16 versus the $1.01 consensus, while revenue reached $3 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $103.62.

Man Group plc acquired a new position in Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 92,047 shares of the utilities provider's stock, valued at approximately $8,534,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bell Investment Advisors Inc increased its position in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock valued at $25,000 after buying an additional 116 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Sempra Energy in the second quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Sempra Energy in the second quarter worth about $27,000. Silvant Capital Management LLC bought a new stake in Sempra Energy during the 2nd quarter valued at approximately $28,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Sempra Energy by 57.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 127 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $84.25 on Friday. The company has a 50 day simple moving average of $89.67 and a two-hundred day simple moving average of $92.10. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The company has a market capitalization of $55.09 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.04 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.

Sempra Energy (NYSE:SRE - Get Free Report) last issued 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. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. 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. Analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Barclays reduced their price target on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Thursday, July 9th. Morgan Stanley decreased 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. Finally, Truist Financial set a $100.00 price objective on Sempra Energy and gave the company a "buy" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $103.62.

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 sale, the executive vice president directly 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 legal filing with the SEC, which can be accessed through this link. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source