Man Group plc Acquires New Shares in Sempra Energy $SRE

Man Group plc bought a new stake in shares of Sempra Energy (NYSE:SRE) during the 2nd quarter, HoldingsChannel reports. The firm bought 92,047 shares of the utilities provider’s stock, valued at approximately $8,534,000.

Several other institutional investors have also added to or reduced their stakes in SRE. Creative Capital Management Investments LLC raised its stake in shares of Sempra Energy by 12.1% in the first quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 112 shares during the last quarter. Bell Investment Advisors Inc boosted its position in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Sempra Energy by 0.4% during the fourth quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock valued at $3,091,000 after buying an additional 123 shares during the last quarter. Rothschild Investment LLC increased its holdings in Sempra Energy by 3.5% in the 4th quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock worth $324,000 after buying an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Sempra Energy by 57.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock worth $31,000 after buying an additional 127 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

SRE has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $101.00 target price on Sempra Energy in a research report on Thursday, July 16th. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, August 13th. TD Cowen assumed coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They set a “buy” rating for the company. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Barclays dropped their target price on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.62.

Sempra Energy Stock Down 0.6%

Sempra Energy stock opened at $84.25 on Friday. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The stock has a fifty day moving average of $89.67 and a 200 day moving average of $92.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The stock has a market cap of $55.09 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last announced 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 return on equity of 8.49% and a net margin of 16.70%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm 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. As a group, sell-side analysts predict that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Company 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.