Perennial Investment Advisors LLC Takes Position in Sempra Energy $SRE

Perennial Investment Advisors LLC acquired a new position in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,063 shares of the utilities provider’s stock, valued at approximately $748,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SRE. BlackRock Inc. purchased a new stake in shares of Sempra Energy during the second quarter worth about $5,588,577,000. Norges Bank acquired a new stake in Sempra Energy in the 4th quarter worth about $914,924,000. Bank of America Corp DE purchased a new stake in Sempra Energy during the 2nd quarter worth approximately $957,056,000. Deutsche Bank AG purchased a new stake in Sempra Energy during the 2nd quarter worth approximately $896,599,000. Finally, Legal & General Group Plc acquired a new position in shares of Sempra Energy during the second quarter valued at approximately $538,775,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Trading Up 1.6%

Shares of SRE stock opened at $85.37 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The firm has a market cap of $55.82 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.02 and a beta of 0.57. The company has a 50-day moving average of $89.91 and a two-hundred day moving average of $92.18. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. 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, analysts predict that Sempra Energy will post 5.12 EPS for the current year.

Wall Street Analyst Weigh In

SRE has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction 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. This represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Sempra Energy 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.