Caisse de depot et placement du Quebec Makes New $155.82 Million Investment in Sempra Energy $SRE

Key Points

• Caisse de dépôt et placement du Québec purchased 1.68 million Sempra Energy shares worth approximately $155.8 million in the second quarter, giving it a 0.26% stake. Institutional investors collectively own 89.65% of the company.
• Sempra reported quarterly adjusted earnings of $1.16 per share, beating analyst expectations of $1.01, while revenue of $3 billion fell slightly short of forecasts and declined marginally year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.62 versus the reported share price of $85.37.

Caisse de depot et placement du Quebec bought a new stake in Sempra Energy (NYSE:SRE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,680,726 shares of the utilities provider's stock, valued at approximately $155,820,000. Caisse de depot et placement du Quebec owned 0.26% of Sempra Energy as of its most recent SEC filing.

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

Sempra Energy Trading Up 1.6%

Shares of NYSE SRE opened at $85.37 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12 month low of $78.97 and a 12 month high of $101.04. The company has a market cap of $55.82 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 2.02 and a beta of 0.57. The business has a fifty day simple moving average of $89.91 and a 200-day simple moving average of $92.18.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly 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. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter last year, the business posted $0.89 EPS. Sempra Energy's revenue was down .1% on a year-over-year basis. 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. Sell-side analysts predict that Sempra Energy will post 5.12 EPS for the current year.

Insider Buying and Selling

In related 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 value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SRE. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Barclays decreased 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. Morgan Stanley dropped their price target on shares of Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a research report on Friday, August 21st. Finally, Wall Street Zen raised shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $103.62.

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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