Nissay Asset Management Corp Japan Makes New $8.09 Million Investment in Sempra Energy $SRE

Nissay Asset Management Corp Japan purchased a new stake in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 87,227 shares of the utilities provider's stock, valued at approximately $8,087,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pure Financial Advisors LLC bought a new stake in shares of Sempra Energy during the 2nd quarter worth about $4,555,000. Carnegie Investment Counsel raised its holdings in Sempra Energy by 15.5% in the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after acquiring an additional 22,408 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Sempra Energy by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider's stock valued at $142,702,000 after acquiring an additional 74,749 shares during the period. Dockside LLC acquired a new stake in Sempra Energy during the fourth quarter worth approximately $3,938,000. Finally, Magellan Asset Management Ltd lifted its position in Sempra Energy by 4.2% during the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock worth $219,446,000 after acquiring an additional 91,519 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial set a $100.00 target price on Sempra Energy and gave the company a "buy" rating in a research report on Thursday, August 13th. Weiss Ratings reissued 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 note on Saturday, July 25th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, TD Cowen started coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a "buy" rating on the stock. One investment 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.com, Sempra Energy has a consensus rating of "Moderate Buy" and an average price target of $103.62.

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $84.25 on Monday. 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 stock has a market capitalization of $55.09 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The company has a 50-day simple moving average of $89.67 and a two-hundred day simple moving average of $92.14.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (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 analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior 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. Analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Caroline Ann Winn sold 8,000 shares of the company'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 sale, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE - Free Report).

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