Brasada Capital Management LP Takes Position in Sempra Energy $SRE

Brasada Capital Management LP acquired a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,778 shares of the utilities provider’s stock, valued at approximately $814,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bell Investment Advisors Inc boosted its position in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 116 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Sempra Energy in the second quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in shares of Sempra Energy during the fourth quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Sempra Energy during the second quarter valued at $27,000. Finally, Silvant Capital Management LLC bought a new stake in shares of Sempra Energy during the second quarter valued at about $28,000. 89.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Barclays lowered 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 note on Thursday, July 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sempra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $103.62.

Sempra Energy Stock Down 0.6%

SRE opened at $84.75 on Friday. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The stock’s fifty day moving average is $89.80 and its 200-day moving average is $92.16. The company has a market capitalization of $55.42 billion, a PE ratio of 24.57, a P/E/G ratio of 2.05 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue 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. On average, equities analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the company’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 directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This 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 this hyperlink. Insiders own 0.31% of the company’s stock.

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.