The Manufacturers Life Insurance Company Makes New Investment in Sempra Energy $SRE

The Manufacturers Life Insurance Company purchased a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 916,291 shares of the utilities provider's stock, valued at approximately $84,949,000. The Manufacturers Life Insurance Company owned about 0.14% of Sempra Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Carnegie Investment Counsel increased 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 worth $16,265,000 after buying an additional 22,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Sempra Energy by 4.9% during 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 purchased a new stake in shares of Sempra Energy during the 4th quarter valued at about $3,938,000. Magellan Asset Management Ltd boosted its holdings in shares of 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 valued at $219,446,000 after acquiring an additional 91,519 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Sempra Energy in the fourth quarter worth approximately $3,289,000. 89.65% of the stock is owned by institutional investors.

Sempra Energy Trading Down 0.6%

NYSE:SRE opened at $84.03 on Wednesday. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The business has a fifty day moving average price of $90.01 and a 200-day moving average price of $92.19. The firm has a market capitalization of $54.95 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. 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 (NYSE:SRE - Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the business earned $0.89 earnings per share. Sempra Energy's quarterly 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. Sell-side analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Insider Buying and Selling at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares of the company's stock, valued at $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 available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on SRE shares. 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. Morgan Stanley decreased their target price on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, August 21st. TD Cowen initiated coverage on Sempra Energy in a report on Wednesday, July 8th. They set a "buy" rating on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Barclays cut their price objective on Sempra Energy from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.62.

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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