Varma Mutual Pension Insurance Co Makes New Investment in Sempra Energy $SRE

Varma Mutual Pension Insurance Co bought a new stake in Sempra Energy (NYSE:SRE) during the second quarter, HoldingsChannel reports. The institutional investor bought 150,500 shares of the utilities provider’s stock, valued at approximately $13,953,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westpac Banking Corp bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $1,736,000. Sumitomo Life Insurance Co. bought a new position in Sempra Energy during the second quarter valued at $908,000. Korea Investment CORP bought a new position in Sempra Energy during the second quarter valued at $33,166,000. EP Wealth Advisors LLC purchased a new stake in Sempra Energy in the second quarter worth $4,874,000. Finally, Pinnacle West Asset Management Inc. bought a new stake in shares of Sempra Energy in the second quarter valued at $235,000. 89.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SRE shares. Barclays cut their price target on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. TD Cowen began coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating for the company. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.62.

Insider Buying and Selling

In related news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $82.87 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The stock has a market cap 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. The stock has a fifty day moving average of $90.31 and a 200-day moving average of $92.23.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 6th. The utilities provider reported $1.16 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%.The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company 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. Equities research analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current 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.