Kayne Anderson Capital Advisors LP Buys Shares of 791,520 Sempra Energy $SRE

Kayne Anderson Capital Advisors LP purchased a new position in Sempra Energy (NYSE:SRE) in the 2nd quarter, Holdings Channel reports. The firm purchased 791,520 shares of the utilities provider’s stock, valued at approximately $73,382,000. Sempra Energy accounts for about 1.4% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Carnegie Investment Counsel lifted its position in Sempra Energy by 15.5% during the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after purchasing an additional 22,408 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Sempra Energy by 4.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock valued at $142,702,000 after purchasing an additional 74,749 shares during the period. Dockside LLC bought a new position in shares of Sempra Energy during the 4th quarter valued at approximately $3,938,000. Magellan Asset Management Ltd increased its stake in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock worth $219,446,000 after purchasing an additional 91,519 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Sempra Energy in the 4th quarter worth $3,289,000. 89.65% of the stock is owned by institutional investors.

Insider Activity at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction 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 represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the topic of several research analyst reports. TD Cowen began coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Barclays decreased their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. Finally, Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Sempra Energy Stock Up 2.2%

Shares of Sempra Energy stock opened at $87.44 on Friday. 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 company has a market cap of $57.18 billion, a P/E ratio of 25.35, a PEG ratio of 2.06 and a beta of 0.57. The firm’s 50 day moving average price is $90.50 and its 200-day moving average price is $92.25. Sempra Energy has a 52-week low of $78.97 and a 52-week high of $101.04.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 predict that Sempra Energy will post 5.12 EPS 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.