357,738 Shares in Sempra Energy $SRE Purchased by Korea Investment CORP

Korea Investment CORP bought a new position in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 357,738 shares of the utilities provider’s stock, valued at approximately $33,166,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Sempra Energy in the 2nd quarter valued at approximately $5,588,577,000. Norges Bank purchased a new stake in shares of Sempra Energy during the 4th quarter valued at approximately $914,924,000. Deutsche Bank AG acquired a new position in Sempra Energy in the second quarter valued at approximately $896,599,000. Bank of New York Mellon Corp purchased a new position in Sempra Energy in the second quarter worth approximately $465,202,000. Finally, Morgan Stanley grew its position in Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after acquiring an additional 3,250,783 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were 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. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SRE shares. Jefferies Financial Group set a $101.00 target price on Sempra Energy in a research report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a report on Thursday, August 13th. One investment 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. According to data from MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and an average price target of $103.62.

Sempra Energy Stock Down 5.2%

Shares of NYSE:SRE opened at $82.87 on Friday. The firm has a market capitalization 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 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. The firm’s 50-day moving average is $90.31 and its two-hundred day moving average is $92.18.

Sempra Energy (NYSE:SRE) 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. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. 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. Analysts predict 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.