Pure Financial Advisors LLC Purchases Shares of 49,127 Sempra Energy $SRE

Pure Financial Advisors LLC bought a new position in Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 49,127 shares of the utilities provider's stock, valued at approximately $4,555,000.

A number of other institutional investors have also bought and sold shares of SRE. Carnegie Investment Counsel grew its holdings in shares of Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after buying an additional 22,408 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 worth $142,702,000 after acquiring an additional 74,749 shares during the last quarter. Dockside LLC acquired a new stake in Sempra Energy during the 4th quarter worth about $3,938,000. Magellan Asset Management Ltd lifted its position in Sempra Energy by 4.2% during the 1st 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 period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Sempra Energy during the 4th quarter valued at about $3,289,000. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Trading Up 1.6%

Sempra Energy stock opened at $85.37 on Thursday. The firm has a market cap of $55.82 billion, a PE ratio of 24.74, a P/E/G ratio of 2.02 and a beta of 0.57. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The stock's 50 day simple moving average is $89.91 and its two-hundred day simple moving average is $92.18. 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 issued its quarterly earnings data 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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company's revenue was down .1% compared to the same quarter last year. 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 anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Sempra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $103.62.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.31% of the company's stock.

Sempra Energy Company 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.

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