Canada Pension Plan Investment Board Purchases Shares of 429,493 Sempra Energy $SRE

Key Points

• Canada Pension Plan Investment Board bought 429,493 Sempra Energy shares worth approximately $39.8 million, while institutional investors collectively own 89.65% of the utility company.
• Sempra reported quarterly earnings of $1.16 per share, beating estimates of $1.01, although revenue of $3 billion fell short of forecasts and declined slightly year over year.
• Sempra shares opened at $84.75, below their 50-day and 200-day moving averages. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $103.62.

Canada Pension Plan Investment Board purchased a new position in shares of Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 429,493 shares of the utilities provider's stock, valued at approximately $39,818,000. Canada Pension Plan Investment Board owned about 0.07% of Sempra Energy at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Sempra Energy in the second quarter valued at approximately $5,588,577,000. Norges Bank purchased a new stake in Sempra Energy during the fourth quarter worth approximately $914,924,000. Deutsche Bank AG purchased a new stake in Sempra Energy during the second quarter worth approximately $896,599,000. Legal & General Group Plc acquired a new stake in shares of Sempra Energy in the second quarter worth $538,775,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Sempra Energy in the second quarter worth $465,202,000. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Trading Down 0.6%

NYSE SRE opened at $84.75 on Friday. The stock has a market cap of $55.42 billion, a P/E ratio of 24.57, a PEG ratio of 2.05 and a beta of 0.57. The company's fifty day simple moving average is $89.80 and its 200-day simple moving average is $92.16. 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 has a 52 week low of $78.97 and a 52 week high of $101.04.

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

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company's stock, valued at $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SRE shares. Jefferies Financial Group set a $101.00 target price on shares of Sempra Energy in a report on Thursday, July 16th. Morgan Stanley lowered their price target on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, August 21st. Truist Financial set a $100.00 price objective on Sempra Energy and gave the company a "buy" rating in a research report on Thursday, August 13th. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Finally, TD Cowen initiated coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.62.

Sempra Energy Company 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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