Vise Technologies Inc. acquired a new stake in Sempra Energy (NYSE:SRE – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,869 shares of the utilities provider’s stock, valued at approximately $822,000.
A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Sempra Energy during the second quarter worth about $5,588,577,000. Norges Bank acquired a new position in Sempra Energy in the 4th quarter valued at about $914,924,000. Deutsche Bank AG purchased a new stake in Sempra Energy during the 2nd quarter valued at approximately $896,599,000. Bank of New York Mellon Corp purchased a new stake in Sempra Energy during the 2nd quarter valued at approximately $465,202,000. Finally, Morgan Stanley raised its stake in Sempra Energy by 17.0% during the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after acquiring an additional 3,250,783 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SRE has been the topic of several analyst reports. Barclays lowered their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley decreased their price target on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, TD Cowen assumed coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $103.62.
Insiders Place Their Bets
In related news, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction on 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 owned 25,164 shares of the company’s stock, 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 link. 0.31% of the stock is owned by corporate insiders.
Sempra Energy Price Performance
Shares of SRE opened at $82.87 on Monday. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The stock’s 50 day moving average is $90.31 and its two-hundred day moving average is $92.23. The firm has a market capitalization of $54.19 billion, a PE ratio of 24.02, a P/E/G ratio of 1.99 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 – Get Free Report) last released its earnings results 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.
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.
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