Meiji Yasuda Life Insurance Co Buys New Shares in Sempra Energy $SRE

Meiji Yasuda Life Insurance Co purchased a new stake in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 17,951 shares of the utilities provider’s stock, valued at approximately $1,664,000.

Several other hedge funds have also bought and sold shares of SRE. Bell Investment Advisors Inc raised its stake in shares of Sempra Energy by 79.5% in the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after buying an additional 116 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Sempra Energy during the 2nd quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Sempra Energy during the 2nd quarter valued at approximately $27,000. Silvant Capital Management LLC purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $28,000. 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 acquiring an additional 127 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SRE. TD Cowen began coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating on the stock. Barclays dropped their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group set a $101.00 price objective on shares of Sempra Energy in a research note on Thursday, July 16th. 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, Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.

Sempra Energy Price Performance

NYSE:SRE opened at $84.25 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $55.09 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.03 and a beta of 0.57. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The business’s 50-day moving average is $89.67 and its 200 day moving average is $92.10.

Sempra Energy (NYSE:SRE) last announced 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company 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, equities research analysts forecast that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on 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 approximately $2,278,600.20. This 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.

Sempra Energy 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.