Rakuten Investment Management Inc. Purchases New Shares in Sempra Energy $SRE

Rakuten Investment Management Inc. acquired a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, HoldingsChannel reports. The fund acquired 106,898 shares of the utilities provider’s stock, valued at approximately $10,039,000.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Sempra Energy in the 2nd quarter worth about $5,588,577,000. State Street Corp increased its position in shares of Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock valued at $3,273,460,000 after buying an additional 1,824,280 shares during the period. Morgan Stanley increased its position in shares of Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after buying an additional 3,250,783 shares during the period. Geode Capital Management LLC increased its position in shares of Sempra Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after buying an additional 116,554 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Sempra Energy by 16.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock worth $1,073,918,000 after buying an additional 1,735,516 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the transaction, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Sempra Energy Trading Down 0.6%

NYSE:SRE opened at $84.25 on Friday. The firm has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a PEG ratio of 2.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company’s 50-day simple moving average is $89.67 and its 200 day simple moving average is $92.10.

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 analysts’ consensus estimates 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 last year, the firm earned $0.89 earnings per share. The business’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. As a group, analysts forecast that Sempra Energy will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on SRE. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research report on Thursday, July 16th. TD Cowen began coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Truist Financial set a $100.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Barclays reduced their price target on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.62.

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.