Elevation Point Wealth Partners LLC Buys Shares of 15,442 Sempra Energy $SRE

Elevation Point Wealth Partners LLC purchased a new stake in Sempra Energy (NYSE:SRE) in the second quarter, Holdings Channel.com reports. The fund purchased 15,442 shares of the utilities provider’s stock, valued at approximately $1,441,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock valued at $6,774,907,000 after acquiring an additional 1,008,476 shares during the period. BlackRock Inc. acquired a new stake in Sempra Energy in the second quarter valued at $5,588,577,000. State Street Corp increased its position 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 valued at $3,273,460,000 after buying an additional 1,824,280 shares in the last quarter. Morgan Stanley increased its position 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 buying an additional 3,250,783 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Sempra Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock worth $1,256,592,000 after buying an additional 116,554 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Stock Down 0.0%

SRE opened at $82.87 on Monday. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The business has a 50-day moving average of $90.31 and a two-hundred day moving average of $92.23. 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 stock has a market capitalization of $54.19 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57.

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

Insider Activity at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction dated Wednesday, June 17th. The stock was 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 of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. TD Cowen began coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating for the company. Finally, Barclays cut their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.