Nippon Life Global Investors Americas Inc. Acquires New Shares in Sempra Energy $SRE

Nippon Life Global Investors Americas Inc. bought a new stake in shares of Sempra Energy (NYSE:SRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 170,700 shares of the utilities provider’s stock, valued at approximately $15,927,000.

A number of other institutional investors and hedge funds have also modified their holdings of SRE. Empowered Funds LLC boosted its position in shares of Sempra Energy by 52.5% during the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after buying an additional 6,196 shares during the last quarter. Woodline Partners LP raised its position in Sempra Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after buying an additional 15,474 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Sempra Energy by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 858 shares during the period. Cary Street Partners Financial LLC lifted its stake in Sempra Energy by 78.5% during the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 339 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Sempra Energy by 80.0% during the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after acquiring an additional 188,131 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

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.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SRE shares. TD Cowen initiated coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating for the company. Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a report on Thursday, July 16th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a research report on Tuesday, April 21st. Barclays decreased their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. One 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 company’s stock. According to MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Sempra Energy Stock Up 0.0%

SRE opened at $86.44 on Monday. The firm’s 50 day simple moving average is $90.83 and its two-hundred day simple moving average is $92.27. The company has a market capitalization of $56.52 billion, a PE ratio of 25.06, a PEG ratio of 2.08 and a beta of 0.57. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. 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) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.Sempra Energy’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, equities analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

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.