Centaurus Financial Inc. Takes $1.17 Million Position in Sempra Energy $SRE

Centaurus Financial Inc. bought a new position in shares of Sempra Energy (NYSE:SRE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,613 shares of the utilities provider’s stock, valued at approximately $1,169,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Sempra Energy during the 2nd quarter worth approximately $5,588,577,000. Norges Bank purchased a new position in shares of Sempra Energy in the fourth quarter valued at approximately $914,924,000. Bank of America Corp DE acquired a new stake in shares of Sempra Energy in the second quarter worth approximately $957,056,000. Deutsche Bank AG acquired a new stake in shares of Sempra Energy in the second quarter worth approximately $896,599,000. Finally, Legal & General Group Plc purchased a new stake in shares of Sempra Energy during the second quarter worth approximately $538,775,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

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 transaction, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SRE. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. 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. Morgan Stanley reduced their target price on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.62.

Sempra Energy Stock Down 0.6%

NYSE SRE opened at $84.75 on Friday. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $89.80 and its 200-day simple moving average is $92.16. The firm has a market cap of $55.42 billion, a PE ratio of 24.57, a P/E/G ratio of 2.05 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last released 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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business earned $0.89 earnings per share. Sempra Energy’s revenue was down .1% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

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.