Ninepoint Partners LP Acquires Shares of 15,358 Sempra Energy $SRE

Key Points

• Ninepoint Partners acquired 15,358 shares of Sempra Energy in the second quarter, valued at approximately $1.42 million. Institutional investors collectively own 89.65% of the company.
• Sempra reported quarterly earnings of $1.16 per share, beating analyst estimates of $1.01, while revenue totaled $3 billion and declined slightly year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $103.92, compared with the stock’s reported price of $87.44.

Ninepoint Partners LP acquired a new position in shares of Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,358 shares of the utilities provider's stock, valued at approximately $1,424,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Sempra Energy in the 2nd quarter valued at about $5,588,577,000. Norges Bank acquired a new position in Sempra Energy in the fourth quarter worth about $914,924,000. Deutsche Bank AG acquired a new position in Sempra Energy in the second quarter worth about $896,599,000. Bank of New York Mellon Corp bought a new stake in Sempra Energy in the second quarter valued at about $465,202,000. Finally, Morgan Stanley increased its holdings in Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock valued at $1,971,524,000 after buying an additional 3,250,783 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Up 2.2%

NYSE:SRE opened at $87.44 on Friday. The firm has a market capitalization of $57.18 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The stock has a 50 day moving average of $90.50 and a 200-day moving average of $92.25. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The business 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts predict that Sempra Energy will post 5.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Truist Financial set a $100.00 price target on Sempra Energy and gave the company 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 reaffirmed an "overweight" rating and issued a $108.00 price objective on shares of Sempra Energy in a report on Wednesday, July 22nd. Finally, Barclays lowered their target price 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. 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.92.

Insider Buying and Selling

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 value of $724,400.00. Following the sale, the executive vice president directly owned 25,164 shares of the company's stock, valued at $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by insiders.

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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