Ninepoint Partners LP Takes Position in Sempra Energy $SRE

Ninepoint Partners LP acquired a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,358 shares of the utilities provider’s stock, valued at approximately $1,424,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SRE. BlackRock Inc. acquired a new stake in Sempra Energy in the 2nd quarter valued at approximately $5,588,577,000. Norges Bank acquired a new position in Sempra Energy during the 4th quarter worth $914,924,000. Deutsche Bank AG bought a new position in shares of Sempra Energy in the second quarter worth $896,599,000. Bank of New York Mellon Corp bought a new position in shares of Sempra Energy in the second quarter worth $465,202,000. Finally, Morgan Stanley increased its holdings 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 purchasing an additional 3,250,783 shares during the period. 89.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the company’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 completion of the sale, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $108.00 price target on shares of Sempra Energy in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Sempra Energy Stock Up 2.2%

Shares of SRE stock opened at $87.44 on Friday. 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 $57.18 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The business’s fifty day moving average is $90.50 and its 200-day moving average is $92.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS 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 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 quarter in the previous year, the business 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 analysts expect that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

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.