Wealthfront Advisers LLC Makes New $3.96 Million Investment in Sempra Energy $SRE

Wealthfront Advisers LLC bought a new stake in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, Holdings Channel.com reports. The firm bought 42,756 shares of the utilities provider’s stock, valued at approximately $3,964,000.

A number of other hedge funds have also recently bought and sold shares of the company. Carnegie Investment Counsel boosted its position in Sempra Energy by 15.5% during the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock worth $16,265,000 after acquiring an additional 22,408 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Sempra Energy by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock valued at $142,702,000 after purchasing an additional 74,749 shares during the period. Dockside LLC acquired a new position in shares of Sempra Energy in the 4th quarter valued at about $3,938,000. Magellan Asset Management Ltd lifted 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 worth $219,446,000 after purchasing an additional 91,519 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Sempra Energy in the fourth quarter worth approximately $3,289,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the firm’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 owned 25,164 shares of the company’s stock, valued at $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $87.44 on Friday. The firm has a fifty day simple moving average of $90.50 and a 200-day simple moving average of $92.25. 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 has a 1-year low of $78.97 and a 1-year high of $101.04. The stock has a market capitalization of $57.18 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.06 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during 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 quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, sell-side analysts expect that Sempra Energy will post 5.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a research note on Thursday, July 16th. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a report on Thursday, August 13th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, TD Cowen began coverage on Sempra Energy in a report on Wednesday, July 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.92.

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.