New Mexico Educational Retirement Board Takes $3.01 Million Position in Sempra Energy $SRE

New Mexico Educational Retirement Board acquired a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 32,482 shares of the utilities provider’s stock, valued at approximately $3,011,000.

A number of other hedge funds have also bought and sold shares of the company. Bell Investment Advisors Inc lifted its holdings in Sempra Energy by 79.5% in the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Sempra Energy during the 2nd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Sempra Energy during the 2nd quarter worth about $27,000. Silvant Capital Management LLC bought a new position in shares of Sempra Energy in the 2nd quarter worth about $28,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Sempra Energy by 57.7% in 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 in the last quarter. Institutional investors own 89.65% of the company’s stock.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SRE has been the topic of a number of recent analyst reports. TD Cowen started coverage on Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating on the stock. Jefferies Financial Group set a $101.00 target price on Sempra Energy in a research note on Thursday, July 16th. 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. Barclays dropped their price target 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. Finally, Truist Financial set a $100.00 price target on Sempra Energy and gave the stock a “buy” rating in a report on Thursday, August 13th. One 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.com, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.

Sempra Energy Stock Down 0.6%

SRE stock opened at $84.25 on Friday. The firm has a market capitalization of $55.09 billion, a PE ratio of 24.42, a P/E/G ratio of 2.03 and a beta of 0.57. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. 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 $89.67 and its 200-day moving average is $92.10.

Sempra Energy (NYSE:SRE) last announced its quarterly 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.Sempra Energy’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. 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. Sell-side analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Company 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.