Citizens Financial Group Inc. RI Purchases New Position in Sempra Energy $SRE

Citizens Financial Group Inc. RI acquired a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, HoldingsChannel.com reports. The fund acquired 10,483 shares of the utilities provider’s stock, valued at approximately $972,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its stake in shares of Sempra Energy by 12.1% in the first quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 112 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 116 shares during the period. Gulf International Bank UK Ltd boosted its stake in Sempra Energy by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after purchasing an additional 123 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Sempra Energy by 3.5% in the fourth quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 124 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Sempra Energy by 57.7% during the 4th 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. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They set a “buy” rating on the stock. Truist Financial set a $100.00 target price on Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a research report on Tuesday, April 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $108.00 target price on shares of Sempra Energy in a report on Wednesday, July 22nd. One investment 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 company. According to MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $103.92.

Insider Buying and Selling at Sempra Energy

In related 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 transaction, the executive vice president 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.

Sempra Energy Price Performance

Shares of SRE opened at $87.26 on Wednesday. The business has a 50-day simple moving average of $90.70 and a two-hundred day simple moving average of $92.26. The stock has a market cap of $57.06 billion, a PE ratio of 25.29, a PEG ratio of 2.08 and a beta of 0.57. Sempra Energy has a 12-month low of $78.97 and a 12-month high of $101.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Sempra Energy’s revenue for the quarter was down .1% on a year-over-year basis. 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. Analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

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.