Meeder Advisory Services Inc. bought a new position in shares of Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 12,571 shares of the utilities provider's stock, valued at approximately $1,165,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SRE. Bell Investment Advisors Inc increased its holdings in Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock worth $25,000 after buying an additional 116 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in Sempra Energy in the fourth quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in 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 acquiring an additional 127 shares during the last quarter. Key Financial Inc grew its position in shares of Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 153 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 161 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.
Sempra Energy Price Performance
SRE opened at $85.51 on Thursday. The firm has a 50-day moving average price of $90.59 and a 200-day moving average price of $92.25. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $55.91 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.10 and a beta of 0.57.
Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion for the quarter, compared to analysts' expectations 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 in the prior year, the company 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. Equities analysts expect that Sempra Energy will post 5.12 EPS for the current year.
Insider Transactions at Sempra Energy
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SRE. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. Truist Financial set a $100.00 target price on Sempra Energy and gave the company a "buy" rating in a research note on Thursday, August 13th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Finally, TD Cowen initiated coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.92.
Check Out Our Latest Analysis on SRE
About Sempra Energy
(
Free Report)
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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