Kingsview Wealth Management LLC Takes $4.38 Million Position in Sempra Energy $SRE

Kingsview Wealth Management LLC purchased a new stake in Sempra Energy (NYSE:SRE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 47,268 shares of the utilities provider’s stock, valued at approximately $4,382,000.

Several other institutional investors have also recently bought and sold shares of SRE. Empowered Funds LLC raised its position in shares of Sempra Energy by 52.5% during the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock worth $1,285,000 after acquiring an additional 6,196 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock valued at $3,819,000 after acquiring an additional 15,474 shares during the period. Baird Financial Group Inc. boosted its holdings in Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 858 shares during the last quarter. Cary Street Partners Financial LLC increased its position in Sempra Energy by 78.5% in the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 339 shares during the period. Finally, Sei Investments Co. increased its position in Sempra Energy by 80.0% in the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after purchasing an additional 188,131 shares during the period. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Trading Down 0.6%

NYSE SRE opened at $84.25 on Friday. The stock has a 50-day simple moving average of $89.67 and a 200 day simple moving average of $92.10. The company has a market capitalization of $55.09 billion, a PE ratio of 24.42, a P/E/G ratio of 2.04 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 has a 12 month low of $78.97 and a 12 month high of $101.04.

Sempra Energy (NYSE:SRE) last released its 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company’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. Research analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SRE shares. Wall Street Zen raised 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 company a “buy” rating in a research note 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 report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Morgan Stanley cut their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.62.

Insider Buying and Selling at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. This trade represents a 24.12% decrease in their position. 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.

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.