Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 62,004 Sempra Energy $SRE

Meiji Yasuda Asset Management Co Ltd. acquired a new position in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 62,004 shares of the utilities provider's stock, valued at approximately $5,748,000.

A number of other large investors have also recently made changes to their positions in SRE. Empowered Funds LLC lifted its holdings in shares of Sempra Energy by 52.5% in the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider's stock valued at $1,285,000 after acquiring an additional 6,196 shares during the last quarter. Woodline Partners LP grew its position in Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider's stock worth $3,819,000 after acquiring an additional 15,474 shares in the last quarter. Baird Financial Group Inc. increased its stake in Sempra Energy by 6.2% during the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider's stock worth $1,114,000 after acquiring an additional 858 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider's stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. raised its position in Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider's stock valued at $32,072,000 after purchasing an additional 188,131 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Price Performance

Shares of SRE stock opened at $82.87 on Monday. Sempra Energy has a 52-week low of $78.97 and a 52-week 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 capitalization of $54.19 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.99 and a beta of 0.57. The stock has a 50 day moving average price of $90.31 and a 200 day moving average price of $92.23.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion during 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%.Sempra Energy's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, sell-side analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Insider Activity

In other news, EVP Caroline Ann Winn sold 8,000 shares of the business's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SRE shares. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Barclays dropped their price objective 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, Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the stock a "buy" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.62.

About Sempra Energy

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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