Cullen Capital Management LLC Takes Position in Sempra Energy $SRE

Cullen Capital Management LLC bought a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,807 shares of the utilities provider’s stock, valued at approximately $3,320,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SRE. BlackRock Inc. bought a new stake in Sempra Energy during the 2nd quarter worth approximately $5,588,577,000. Norges Bank purchased a new stake in shares of Sempra Energy in the fourth quarter worth approximately $914,924,000. Deutsche Bank AG purchased a new stake in shares of Sempra Energy in the second quarter worth approximately $896,599,000. Bank of New York Mellon Corp bought a new position in shares of Sempra Energy in the second quarter valued at approximately $465,202,000. Finally, Morgan Stanley lifted its holdings in shares of Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business’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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Sempra Energy Trading Up 2.0%

NYSE SRE opened at $84.57 on Tuesday. The stock has a market capitalization of $55.30 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.99 and a beta of 0.57. 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 current ratio of 1.64 and a quick ratio of 1.62. The business’s fifty day moving average is $90.17 and its 200-day moving average is $92.21.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. TD Cowen assumed coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating on the stock. Morgan Stanley cut their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a report on Thursday, August 13th. One research 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. According to MarketBeat.com, the stock has an average 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.