Cibc World Market Inc. Takes Position in Sempra Energy $SRE

Key Points

• CIBC World Market acquired 74,842 shares of Sempra Energy worth approximately $6.9 million in the second quarter. Institutional investors collectively own 89.65% of Sempra’s outstanding stock, with BlackRock, Norges Bank and Deutsche Bank also establishing sizable positions.
• Sempra reported quarterly earnings of $1.16 per share, exceeding analyst expectations of $1.01, while revenue reached $3 billion and declined slightly year over year. The stock opened at $84.03, below its 50-day and 200-day moving averages.
• 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. One executive sold 8,000 shares, while insiders collectively own just 0.31% of the company.

Cibc World Market Inc. acquired a new position in Sempra Energy (NYSE:SRE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 74,842 shares of the utilities provider's stock, valued at approximately $6,939,000.

A number of other institutional investors also recently bought and sold shares of SRE. BlackRock Inc. purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $5,588,577,000. Norges Bank purchased a new position in Sempra Energy during the fourth quarter valued at approximately $914,924,000. Deutsche Bank AG purchased a new position in Sempra Energy during the second quarter valued at approximately $896,599,000. Bank of New York Mellon Corp bought a new position in shares of Sempra Energy in the second quarter worth approximately $465,202,000. Finally, Morgan Stanley boosted its position in shares of Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider's stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. 89.65% of the stock is owned by institutional investors.

Sempra Energy Stock Performance

SRE opened at $84.03 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The stock has a market capitalization of $54.95 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.03 and a beta of 0.57. The company has a fifty day moving average of $90.01 and a 200 day moving average of $92.19. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two 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 the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter last year, the business posted $0.89 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. 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, sell-side analysts forecast that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 8,000 shares of the firm's 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 in the company, valued at $2,278,600.20. This trade represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays cut 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. Morgan Stanley dropped their price objective on Sempra Energy from $108.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, August 21st. Truist Financial set a $100.00 target price on Sempra Energy and gave the stock a "buy" rating in a research report on Thursday, August 13th. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Sempra Energy currently has an average rating of "Moderate Buy" and a consensus 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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