Wealthfront Advisers LLC Purchases New Shares in Sempra Energy $SRE

Wealthfront Advisers LLC acquired a new position in Sempra Energy (NYSE:SRE) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 42,756 shares of the utilities provider’s stock, valued at approximately $3,964,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after purchasing an additional 1,008,476 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Sempra Energy in the 2nd quarter valued at approximately $5,588,577,000. State Street Corp boosted its stake in shares of Sempra Energy by 5.2% during the 4th 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 last quarter. Morgan Stanley boosted its stake in shares of Sempra Energy by 17.0% during the 4th 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 last quarter. Finally, Geode Capital Management LLC grew 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 buying an additional 116,554 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SRE has been the topic of several recent analyst reports. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the stock a “buy” rating in a report on Thursday, August 13th. Morgan Stanley reissued an “overweight” rating and issued a $108.00 target price on shares of Sempra Energy in a research report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 8,000 shares of the 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 completion of the transaction, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

Sempra Energy Stock Performance

Shares of SRE stock opened at $87.44 on Friday. Sempra Energy has a 12-month low of $78.97 and a 12-month 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 firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The business has a 50 day simple moving average of $90.50 and a 200 day simple moving average of $92.25.

Sempra Energy (NYSE:SRE) last released its quarterly 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 company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, equities research analysts anticipate 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.