Ieq Capital LLC Buys Shares of 68,050 Sempra Energy $SRE

Ieq Capital LLC purchased a new position in shares of Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The fund purchased 68,050 shares of the utilities provider’s stock, valued at approximately $6,309,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc grew its stake in shares of Sempra Energy by 79.5% in the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Sempra Energy during the 2nd quarter worth about $25,000. Ares Financial Consulting LLC acquired a new position in Sempra Energy during the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Sempra Energy during the 2nd quarter valued at about $27,000. Finally, Silvant Capital Management LLC purchased a new position in Sempra Energy during the 2nd quarter valued at about $28,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction on 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 directly owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on SRE shares. 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. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Morgan Stanley dropped their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $103.62.

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $82.87 on Monday. 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 has a 52 week low of $78.97 and a 52 week high of $101.04. The firm’s 50 day moving average is $90.31 and its two-hundred day moving average is $92.23. The firm has a market capitalization of $54.19 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.99 and a beta of 0.57.

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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s revenue was down .1% compared to the same quarter last year. 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. Research analysts forecast that Sempra Energy will post 5.12 EPS 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.