Perigon Wealth Management LLC Takes $2.20 Million Position in Sempra Energy $SRE

Perigon Wealth Management LLC bought a new stake in Sempra Energy (NYSE:SRE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,682 shares of the utilities provider’s stock, valued at approximately $2,196,000.

A number of other institutional investors have also added to or reduced their stakes in SRE. Bell Investment Advisors Inc boosted 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 worth $25,000 after acquiring an additional 116 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Sempra Energy by 57.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 127 shares during the period. Key Financial Inc raised its position in shares of Sempra Energy by 73.6% during the fourth quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 153 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Sempra Energy by 83.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 161 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction dated 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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SRE has been the topic of a number of recent research reports. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley reissued an “overweight” rating and issued a $108.00 price target on shares of Sempra Energy in a report on Wednesday, July 22nd. TD Cowen assumed coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group set a $101.00 target price on Sempra Energy in a research note on Thursday, July 16th. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Sempra Energy Stock Down 0.5%

SRE opened at $85.97 on Tuesday. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. 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 business’s fifty day simple moving average is $90.77 and its 200 day simple moving average is $92.26. The stock has a market cap of $56.22 billion, a PE ratio of 24.92, a P/E/G ratio of 2.08 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, research analysts expect that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

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.