Cullen Capital Management LLC Takes $3.32 Million Position in Sempra Energy $SRE

Cullen Capital Management LLC purchased a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,807 shares of the utilities provider’s stock, valued at approximately $3,320,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Sempra Energy in the 2nd quarter valued at about $5,588,577,000. Norges Bank bought a new position in Sempra Energy during the fourth quarter worth about $914,924,000. Deutsche Bank AG bought a new position in Sempra Energy during the second quarter worth about $896,599,000. Bank of New York Mellon Corp purchased a new position in shares of Sempra Energy in the second quarter worth about $465,202,000. Finally, Morgan Stanley increased its stake 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 worth $1,971,524,000 after purchasing an additional 3,250,783 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the topic of a number of recent research reports. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research note on Thursday, August 13th. TD Cowen started coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating for the company. Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a report on Thursday, July 16th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.62.

Sempra Energy Stock Up 2.0%

Shares of NYSE:SRE opened at $84.57 on Tuesday. The firm has a fifty day moving average price of $90.17 and a two-hundred day moving average price of $92.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company has a market cap 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 (NYSE:SRE) last released 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 firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period 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. Analysts anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

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.