NewEdge Wealth LLC Purchases Shares of 28,445 Sempra Energy $SRE

Key Points

• NewEdge Wealth acquired 28,445 shares of Sempra Energy in the second quarter, valued at approximately $2.64 million. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $103.92. Recent targets from BMO Capital Markets, Jefferies, and Truist range from $100 to $102.
• Sempra’s latest quarterly results exceeded expectations, reporting $1.16 in EPS versus the $1.01 consensus, although quarterly revenue of $3 billion fell short of estimates and declined slightly year over year.

NewEdge Wealth LLC acquired a new stake in Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 28,445 shares of the utilities provider's stock, valued at approximately $2,637,000.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in 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 period. Woodline Partners LP grew its position in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider's stock valued at $3,819,000 after purchasing an additional 15,474 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of 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 purchasing an additional 858 shares during the period. Cary Street Partners Financial LLC lifted its holdings in Sempra Energy by 78.5% during the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider's stock worth $58,000 after purchasing an additional 339 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Sempra Energy by 80.0% in the 2nd 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. Institutional investors and hedge funds own 89.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research report on Thursday, July 16th. TD Cowen assumed coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a "buy" rating for the company. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the stock a "buy" rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.92.

Sempra Energy Price Performance

SRE stock opened at $87.44 on Friday. The company's 50-day moving average price is $90.50 and its two-hundred day moving average price is $92.25. The firm has a market cap of $57.18 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business 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. On average, analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current fiscal 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 stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company's stock.

Sempra Energy 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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