Magellan Asset Management Ltd Buys New Shares in Sempra Energy $SRE

Magellan Asset Management Ltd purchased a new stake in Sempra Energy (NYSE:SRE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,242,974 shares of the utilities provider’s stock, valued at approximately $207,946,000. Sempra Energy comprises approximately 4.6% of Magellan Asset Management Ltd’s portfolio, making the stock its 5th biggest holding. Magellan Asset Management Ltd owned approximately 0.34% of Sempra Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Sempra Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock valued at $6,774,907,000 after purchasing an additional 1,008,476 shares during the period. BlackRock Inc. acquired a new position in Sempra Energy during the second quarter worth approximately $5,588,577,000. State Street Corp increased 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 worth $3,273,460,000 after buying an additional 1,824,280 shares during the last quarter. Morgan Stanley raised its stake in Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after buying an additional 3,250,783 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Sempra Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after buying an additional 116,554 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SRE. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley cut their price target on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Barclays decreased their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a research report on Thursday, July 16th. One research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.62.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business’s 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 sale, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Sempra Energy Stock Performance

Shares of NYSE SRE opened at $82.87 on Monday. 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 stock’s fifty day moving average price is $90.31 and its two-hundred day moving average price is $92.23. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The firm has a market cap of $54.19 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.99 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last posted its earnings results 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 company 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 company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. 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, equities analysts forecast that Sempra Energy will post 5.12 EPS for the current 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.