28,445 Shares in Sempra Energy $SRE Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new stake in Sempra Energy (NYSE:SRE) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 28,445 shares of the utilities provider’s stock, valued at approximately $2,637,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC increased its holdings in shares of Sempra Energy by 12.1% during the first quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock worth $101,000 after buying an additional 112 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of Sempra Energy by 0.4% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock valued at $3,091,000 after acquiring an additional 123 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Sempra Energy by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Sempra Energy by 57.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Stock Up 2.2%

Shares of SRE opened at $87.44 on Friday. The stock’s 50-day moving average price is $90.50 and its two-hundred day moving average price is $92.25. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The company has a market capitalization of $57.18 billion, a PE ratio of 25.35, a PEG ratio of 2.06 and a beta of 0.57. 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 issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly 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. On average, analysts anticipate that Sempra Energy will post 5.12 EPS for the current year.

Insider Buying and Selling

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 sale, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SRE has been the subject of a number of recent research reports. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. Barclays lowered their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Finally, Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.92.

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.