California State Teachers Retirement System Acquires 91,524,727 Shares of Sempra Energy $SRE

Key Points

• California State Teachers Retirement System increased its Sempra Energy stake by 91.5 million shares, bringing its ownership to 92.35 million shares, or approximately 14.12% of the company. Institutional investors collectively own 89.65% of Sempra.
• Analysts maintain a generally positive view, with Sempra holding a consensus “Moderate Buy” rating and a $102 target price. Recent ratings included multiple “overweight” or “outperform” calls, although some analysts lowered their price targets.
• Sempra reported quarterly EPS of $1.16, beating estimates of $1.01, while revenue totaled $3 billion. The company also announced a quarterly dividend of $0.6575 per share, representing a 3.1% annualized yield.

California State Teachers Retirement System lifted its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 11,081.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,350,656 shares of the utilities provider's stock after buying an additional 91,524,727 shares during the quarter. California State Teachers Retirement System owned about 14.12% of Sempra Energy worth $8,561,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Sempra Energy in the second quarter worth $5,588,577,000. State Street Corp raised its holdings in shares of Sempra Energy by 5.2% during the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider's stock valued at $3,273,460,000 after purchasing an additional 1,824,280 shares during the period. Morgan Stanley raised its holdings in shares of Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Geode Capital Management LLC boosted its position in shares of Sempra Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider's stock worth $1,256,592,000 after purchasing an additional 116,554 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sempra Energy by 16.6% during the 4th quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider's stock worth $1,073,918,000 after purchasing an additional 1,735,516 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SRE shares. Truist Financial set a $96.00 target price on Sempra Energy and gave the company a "buy" rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. JPMorgan Chase & Co. reduced their price objective on Sempra Energy from $113.00 to $102.00 and set an "overweight" rating for the company in a research note on Wednesday, September 2nd. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley lowered their target price on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating on the stock in a research report on Friday, August 21st. 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 company. Based on data from MarketBeat.com, Sempra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $102.00.

Sempra Energy Trading Up 1.9%

NYSE:SRE opened at $85.65 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a one year low of $79.15 and a one year high of $101.04. The company has a market cap of $56.01 billion, a PE ratio of 24.83, a PEG ratio of 2.32 and a beta of 0.55. The firm has a 50-day moving average of $88.40 and a 200-day moving average of $91.71.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. 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 expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 24th will be given a dividend of $0.6575 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. Sempra Energy's payout ratio is presently 76.23%.

Insider Transactions at Sempra Energy

In related news, EVP Caroline Winn sold 8,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 25,164 shares of the company's stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% of the company's stock.

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.

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