Bank of New York Mellon Corp Invests $465.20 Million in Sempra Energy $SRE

Key Points

• Bank of New York Mellon acquired 5.02 million Sempra shares worth approximately $465.2 million, representing about 0.77% of the company. Institutional investors collectively own 89.65% of Sempra.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.62; recent targets range from $100 to $104.
• Sempra shares opened at $82.87, down 5.2%, while the company reported quarterly EPS of $1.16, beating estimates of $1.01, despite revenue of $3 billion falling slightly short of expectations.

Bank of New York Mellon Corp acquired a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,017,818 shares of the utilities provider's stock, valued at approximately $465,202,000. Bank of New York Mellon Corp owned approximately 0.77% of Sempra Energy at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SRE. Bell Investment Advisors Inc raised its stake 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 acquiring an additional 116 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Sempra Energy in the fourth quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock worth $31,000 after purchasing an additional 127 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 161 shares during the period. Finally, Key Financial Inc increased its holdings in Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 153 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SRE has been the subject of a number of recent analyst reports. Wall Street Zen raised Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. TD Cowen started coverage on Sempra Energy in a research note on Wednesday, July 8th. They issued a "buy" rating for the company. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Morgan Stanley cut their target price on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a research note on Friday. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $103.62.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company's stock.

Sempra Energy Stock Down 5.2%

SRE opened at $82.87 on Friday. The firm's 50 day simple moving average is $90.31 and its two-hundred day simple moving average is $92.18. The company has a market capitalization of $54.19 billion, a PE ratio of 24.02, a PEG ratio of 2.10 and a beta of 0.57. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion during 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities analysts forecast that Sempra Energy will post 5.12 EPS for the current 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.

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