Public Employees Retirement System of Ohio Acquires Shares of 251,752 Sempra Energy $SRE

Key Points

• Public Employees Retirement System of Ohio acquired 251,752 Sempra shares worth approximately $23.34 million in the second quarter. Institutional investors collectively own 89.65% of the company.
• Analysts maintain a generally positive view, with Sempra carrying a “Moderate Buy” consensus rating and an average price target of $103.62, above its reported trading price of $84.25.
• Sempra reported quarterly earnings of $1.16 per share, exceeding the $1.01 consensus estimate, although revenue of $3 billion fell short of expectations and was roughly flat year over year.

Public Employees Retirement System of Ohio 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 and Exchange Commission (SEC). The fund purchased 251,752 shares of the utilities provider's stock, valued at approximately $23,340,000.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc raised its position in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Sempra Energy during the second quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Sempra Energy during the second quarter valued at $27,000. Silvant Capital Management LLC bought a new stake in shares of Sempra Energy in the second quarter valued at about $28,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted 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 worth $31,000 after acquiring an additional 127 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SRE shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research report on Thursday, July 16th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. One research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.62.

Insider Activity at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by insiders.

Sempra Energy Trading Down 0.6%

Shares of NYSE:SRE opened at $84.25 on Friday. The business's 50-day moving average is $89.67 and its 200 day moving average is $92.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The firm has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.03 and a beta of 0.57.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the company earned $0.89 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. 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, research analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

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.

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