Legal & General Group Plc Invests $538.77 Million in Sempra Energy $SRE

Legal & General Group Plc bought a new stake in Sempra Energy (NYSE:SRE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,811,400 shares of the utilities provider’s stock, valued at approximately $538,775,000. Legal & General Group Plc owned 0.89% of Sempra Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in Sempra Energy by 52.5% in the first quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock worth $1,285,000 after acquiring an additional 6,196 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Sempra Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after purchasing an additional 15,474 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Sempra Energy by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 858 shares in the last quarter. Cary Street Partners Financial LLC grew its position in Sempra Energy by 78.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 339 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Sempra Energy by 80.0% in the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after buying an additional 188,131 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Energy Stock Up 2.0%

SRE stock opened at $84.57 on Tuesday. The company has a market capitalization 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 has a fifty-two week low of $78.97 and a fifty-two week 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 stock has a fifty day moving average of $90.17 and a 200-day moving average of $92.21.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities research analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SRE shares. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. TD Cowen initiated coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. Morgan Stanley decreased their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.

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.