SempraSRE
Market Cap: $52B
About: Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves more than 10 million Texas customers. Sempra Infrastructure partners, of which Sempra holds a controlling ownership, owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico.
Employees: 16,835
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
232% more call options, than puts
Call options by funds: $87.8M | Put options by funds: $26.4M
30% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 13 (+3) [Q2]
13% more repeat investments, than reductions
Existing positions increased: 400 | Existing positions reduced: 353
6% more capital invested
Capital invested by funds: $40.9B [Q1] → $43.5B (+$2.56B) [Q2]
1% less funds holding
Funds holding: 1,021 [Q1] → 1,012 (-9) [Q2]
8% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 106
137.38% less ownership
Funds ownership: 227.71% [Q1] → 90.33% (-137.38%) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Morgan Stanley David Arcaro 58% 1-year accuracy 25 / 43 met price target | 3%downside $80 | Equal-Weight Maintained | 23 Aug 2024 |
Barclays Eric Beaumont 67% 1-year accuracy 22 / 33 met price target | 6%upside $87 | Overweight Maintained | 13 Aug 2024 |
Evercore ISI Group Durgesh Chopra 74% 1-year accuracy 14 / 19 met price target | 2%upside $84 | Outperform Maintained | 7 Aug 2024 |
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target | 2%upside $84 | Outperform Maintained | 10 Jul 2024 |
Morgan Stanley David Arcaro 58% 1-year accuracy 25 / 43 met price target | 7%downside $76 | Equal-Weight Maintained | 24 Jun 2024 |
Financial journalist opinion
Based on 3 articles about SRE published over the past 30 days