Greenland Capital Management LP Invests $7.25 Million in Sempra Energy $SRE

Greenland Capital Management LP acquired a new position in Sempra Energy (NYSE:SRE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,150 shares of the utilities provider’s stock, valued at approximately $7,245,000. Sempra Energy makes up 0.9% of Greenland Capital Management LP’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors also recently bought and sold shares of SRE. Bell Investment Advisors Inc lifted its position in Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Sempra Energy during the second quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new stake in Sempra Energy in the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Sempra Energy in the second quarter worth about $27,000. Finally, Silvant Capital Management LLC bought a new position in shares of Sempra Energy in the second quarter worth about $28,000. 89.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SRE shares. Barclays reduced their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Thursday, August 13th. TD Cowen assumed coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating for the company. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.62.

Insider Activity at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the business’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 transaction, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Sempra Energy Stock Down 5.2%

Shares of SRE opened at $82.87 on Friday. The business’s 50 day moving average is $90.31 and its 200 day moving average is $92.18. The company has a market capitalization of $54.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57. Sempra Energy has a 12-month low of $78.97 and a 12-month high of $101.04. 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) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter 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. Research analysts expect that Sempra Energy will post 5.12 earnings per share for the current fiscal 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.