Varma Mutual Pension Insurance Co Makes New $13.95 Million Investment in Sempra Energy $SRE

Key Points

• Varma Mutual Pension Insurance Co. purchased 150,500 shares of Sempra Energy in the second quarter, worth approximately $13.95 million. Institutional investors collectively own 89.65% of the company.
• Sempra reported quarterly earnings of $1.16 per share, beating analysts’ $1.01 estimate, while revenue came in at $3 billion and declined slightly year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $103.62, compared with the stock’s reported price of $82.87.

Varma Mutual Pension Insurance Co purchased a new stake in Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 150,500 shares of the utilities provider's stock, valued at approximately $13,953,000.

Several other institutional investors have also recently made changes to their positions in SRE. Carnegie Investment Counsel increased 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 acquiring an additional 22,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 purchasing an additional 74,749 shares in the last quarter. Dockside LLC acquired a new position in Sempra Energy during the fourth quarter worth $3,938,000. Magellan Asset Management Ltd lifted its stake in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock valued at $219,446,000 after buying an additional 91,519 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Sempra Energy in the fourth quarter valued at $3,289,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Energy Stock Down 0.0%

Sempra Energy stock opened at $82.87 on Monday. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The firm's 50-day simple moving average is $90.31 and its 200 day simple moving average is $92.23. The stock has a market cap of $54.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $0.89 EPS. The company's revenue for the quarter 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. Research analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Barclays decreased 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. Weiss Ratings restated a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. Morgan Stanley cut their target price on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Sempra Energy has a consensus rating of "Moderate Buy" and an average target price of $103.62.

Insiders Place Their Bets

In other Sempra Energy 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 value of $724,400.00. Following the completion of the transaction, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company's stock.

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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