Sumitomo Life Insurance Co. Takes $908,000 Position in Sempra Energy $SRE

Sumitomo Life Insurance Co. acquired a new stake in Sempra Energy (NYSE:SRE) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 9,790 shares of the utilities provider’s stock, valued at approximately $908,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Sempra Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after acquiring an additional 1,008,476 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Sempra Energy in the second quarter worth about $5,588,577,000. State Street Corp increased its holdings in shares of Sempra Energy by 5.2% in the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares in the last quarter. Morgan Stanley raised 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 worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Finally, Geode Capital Management LLC raised 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 worth $1,256,592,000 after purchasing an additional 116,554 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Price Performance

SRE stock opened at $82.87 on Friday. The stock has a 50-day moving average price of $90.31 and a two-hundred day moving average price of $92.18. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The stock has a market cap of $54.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. 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. Equities analysts forecast that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Transactions 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 stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent analyst reports. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a report on Thursday, August 13th. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a research note on Thursday, July 16th. Finally, Morgan Stanley reduced their price target on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.62.

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.