Westpac Banking Corp Makes New Investment in Sempra Energy $SRE

Key Points

• Westpac Banking Corp initiated a Sempra Energy position in the second quarter by purchasing 18,729 shares valued at approximately $1.74 million. Institutional investors collectively own 89.65% of Sempra’s outstanding stock.
• Sempra reported quarterly EPS of $1.16, beating analyst expectations of $1.01, while revenue reached $3 billion and declined slightly year over year. The company’s full-year guidance is $4.80–$5.30 EPS for fiscal 2026 and $5.10–$5.70 for fiscal 2027.
• SRE recently traded at $82.87, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.62, although an executive recently sold 8,000 shares.

Westpac Banking Corp purchased a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,729 shares of the utilities provider's stock, valued at approximately $1,736,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $16,265,000 after purchasing an additional 22,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 worth $142,702,000 after acquiring an additional 74,749 shares during the last quarter. Dockside LLC purchased a new position in shares of Sempra Energy in the fourth quarter worth $3,938,000. Magellan Asset Management Ltd increased its position 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 acquiring an additional 91,519 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Sempra Energy in the fourth quarter worth about $3,289,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

SRE opened at $82.87 on Friday. The firm has a market cap of $54.19 billion, a PE ratio of 24.02, a P/E/G ratio of 2.10 and a beta of 0.57. The stock has a 50-day moving average price of $90.31 and a 200-day moving average price of $92.18. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. 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 announced 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. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 8,000 shares of the company'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 transaction, the executive vice president directly owned 25,164 shares of the company's stock, 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 currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SRE shares. TD Cowen initiated coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a "buy" rating on the stock. Morgan Stanley decreased their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday. Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a research report on Thursday, July 16th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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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