Freestone Grove Partners LP Takes $25.42 Million Position in Sempra Energy $SRE

Freestone Grove Partners LP bought a new position in Sempra Energy (NYSE:SRE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 274,187 shares of the utilities provider’s stock, valued at approximately $25,420,000.

Several other large investors have also added to or reduced their stakes in SRE. BlackRock Inc. purchased a new stake in shares of Sempra Energy in the 2nd quarter valued at $5,588,577,000. State Street Corp raised its holdings in shares of Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after purchasing an additional 1,824,280 shares during the last quarter. Morgan Stanley raised 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 worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 valued at $1,256,592,000 after purchasing an additional 116,554 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Sempra Energy by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock valued at $1,073,918,000 after purchasing an additional 1,735,516 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $84.75 on Friday. The firm has a market cap of $55.42 billion, a PE ratio of 24.57, a P/E/G ratio of 2.05 and a beta of 0.57. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $89.80 and a 200 day moving average price of $92.16.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. Sempra Energy’s revenue for the quarter was down .1% on a year-over-year basis. 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. Sell-side analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SRE. Morgan Stanley decreased their price objective on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Barclays dropped their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. Truist Financial set a $100.00 price objective on Sempra Energy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.62.

Insider Activity

In related news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

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.