Rakuten Investment Management Inc. Buys New Shares in Sempra Energy $SRE

Rakuten Investment Management Inc. purchased a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 106,898 shares of the utilities provider’s stock, valued at approximately $10,039,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Sempra Energy in the 2nd quarter worth approximately $5,588,577,000. State Street Corp grew its position in Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock valued at $3,273,460,000 after acquiring an additional 1,824,280 shares during the last quarter. Morgan Stanley grew its position in Sempra Energy by 17.0% during the fourth 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. Geode Capital Management LLC raised its stake in shares of Sempra Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock worth $1,256,592,000 after acquiring an additional 116,554 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Sempra Energy by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock worth $1,073,918,000 after acquiring an additional 1,735,516 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SRE. Barclays decreased their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Truist Financial set a $100.00 price objective on Sempra Energy and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Finally, Morgan Stanley lowered their target price on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.62.

Insider Activity

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction dated 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 directly owned 25,164 shares of the company’s stock, valued at $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by insiders.

Sempra Energy Trading Down 0.6%

NYSE:SRE opened at $84.25 on Friday. The firm has a market capitalization of $55.09 billion, a P/E 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. The company has a fifty day moving average of $89.67 and a 200 day moving average of $92.10. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04.

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 analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm earned $0.89 EPS. The company’s 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. On average, research analysts predict 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.