18,729 Shares in Sempra Energy $SRE Acquired by Westpac Banking Corp

Westpac Banking Corp bought a new position in Sempra Energy (NYSE:SRE) in the second quarter, HoldingsChannel.com reports. The fund bought 18,729 shares of the utilities provider’s stock, valued at approximately $1,736,000.

A number of other hedge funds have also added to or reduced their stakes in SRE. Sumitomo Life Insurance Co. bought a new position in shares of Sempra Energy during the 2nd quarter valued at $908,000. Korea Investment CORP purchased a new stake in Sempra Energy during the second quarter valued at $33,166,000. EP Wealth Advisors LLC purchased a new stake in Sempra Energy during the second quarter valued at $4,874,000. Pinnacle West Asset Management Inc. bought a new position in Sempra Energy in the second quarter valued at about $235,000. Finally, Ieq Capital LLC purchased a new position in Sempra Energy in the second quarter worth about $6,309,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SRE. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a research note on Thursday, July 16th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Barclays reduced their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.62.

Sempra Energy Stock Performance

SRE opened at $82.87 on Friday. The company has a 50 day simple moving average of $90.31 and a two-hundred day simple moving average of $92.18. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The firm has a market cap of $54.19 billion, a P/E ratio of 24.02, a PEG ratio of 2.10 and a beta of 0.57. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04.

Sempra Energy (NYSE:SRE) 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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the firm earned $0.89 EPS. The company’s revenue 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. Equities analysts forecast that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Insider Transactions at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the 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 sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

About Sempra Energy

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.