Wedbush Securities Inc. Makes New Investment in Sempra Energy $SRE

Wedbush Securities Inc. bought a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,554 shares of the utilities provider’s stock, valued at approximately $1,535,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Sempra Energy during the 2nd quarter worth $5,588,577,000. Norges Bank acquired a new position in shares of Sempra Energy in the 4th quarter valued at $914,924,000. Bank of America Corp DE acquired a new position in shares of Sempra Energy in the 2nd quarter valued at $957,056,000. Deutsche Bank AG bought a new position in shares of Sempra Energy in the 2nd quarter worth $896,599,000. Finally, Legal & General Group Plc bought a new position in shares of Sempra Energy in the 2nd quarter worth $538,775,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $724,400.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SRE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. TD Cowen began coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating for the company. Barclays lowered their price target on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

Sempra Energy Stock Performance

Shares of SRE opened at $81.70 on Tuesday. The firm has a market cap of $53.42 billion, a P/E ratio of 23.68, a PEG ratio of 2.03 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 debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The firm’s 50 day moving average price is $89.47 and its two-hundred day moving average price is $92.08.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data 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 the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, analysts forecast that Sempra Energy will post 5.12 EPS 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.