Perennial Investment Advisors LLC Invests $748,000 in Sempra Energy $SRE

Perennial Investment Advisors LLC acquired a new stake in Sempra Energy (NYSE:SRE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,063 shares of the utilities provider’s stock, valued at approximately $748,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Capital Management Investments LLC increased its stake in 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 valued at $101,000 after purchasing an additional 112 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of Sempra Energy by 79.5% in the 1st 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 during the last quarter. Gulf International Bank UK Ltd raised its stake in Sempra Energy by 0.4% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after acquiring an additional 123 shares in the last quarter. Rothschild Investment LLC raised its stake in Sempra Energy by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays reduced their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Truist Financial set a $100.00 price target on Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, August 13th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research note on Thursday, July 16th. Finally, TD Cowen initiated coverage on Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating on the stock. One investment 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 stock. Based on data from MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $103.62.

Insider Buying and Selling at Sempra Energy

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

Sempra Energy Trading Up 1.6%

Shares of SRE opened at $85.37 on Thursday. The stock has a fifty day moving average of $89.91 and a two-hundred day moving average of $92.18. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The company has a market capitalization of $55.82 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.02 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $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, analysts forecast that Sempra Energy will post 5.12 EPS for the current 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.