Equitable Holdings Inc. Invests $2.70 Million in Sempra Energy $SRE

Equitable Holdings Inc. purchased a new stake in shares of Sempra Energy (NYSE:SRE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,171 shares of the utilities provider’s stock, valued at approximately $2,704,000.

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

Sempra Energy Stock Performance

NYSE:SRE opened at $84.75 on Friday. The stock’s fifty day moving average is $89.80 and its 200 day moving average is $92.16. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The firm has a market capitalization of $55.42 billion, a PE ratio of 24.57, a PEG ratio of 2.05 and a beta of 0.57. 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 (NYSE:SRE) last posted its quarterly earnings data 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 company 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%. Sempra Energy’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Insider Activity

In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’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 in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

SRE has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. TD Cowen started coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Barclays decreased their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.62.

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.