Flputnam Investment Management Co. Acquires Shares of 24,661 Sempra Energy $SRE

Flputnam Investment Management Co. bought a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, HoldingsChannel reports. The fund bought 24,661 shares of the utilities provider’s stock, valued at approximately $2,286,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SRE. Bell Investment Advisors Inc boosted its stake in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in shares of Sempra Energy during the fourth quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in 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 buying an additional 127 shares in the last quarter. Key Financial Inc raised its position in Sempra Energy by 73.6% in the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in 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 valued at $32,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Stock Performance

NYSE:SRE opened at $85.97 on Tuesday. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The stock has a market cap of $56.22 billion, a P/E ratio of 24.92, a PEG ratio of 2.08 and a beta of 0.57. 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 50-day moving average price is $90.77 and its two-hundred day moving average price is $92.26.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $3 billion for 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 revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays cut 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. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research report on Thursday. 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. TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $108.00 target price on shares of Sempra Energy in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Insider Activity at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy 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 transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

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.