Ontario Teachers Pension Plan Board Purchases New Stake in Sempra Energy $SRE

Key Points

• Ontario Teachers’ Pension Plan Board acquired 2.08 million Sempra Energy shares worth approximately $192.4 million, giving it a 0.32% stake and making Sempra its 11th-largest holding.
• Sempra reported quarterly EPS of $1.16, beating estimates of $1.01, while revenue totaled $3 billion and declined slightly year over year. Institutional investors own approximately 89.65% of the stock.
• SRE shares opened at $87.26, below the analyst consensus target of $103.92; Wall Street’s overall rating is “Moderate Buy.”

Ontario Teachers Pension Plan Board purchased a new stake in shares of Sempra Energy (NYSE:SRE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,075,296 shares of the utilities provider's stock, valued at approximately $192,401,000. Sempra Energy makes up approximately 1.2% of Ontario Teachers Pension Plan Board's holdings, making the stock its 11th largest holding. Ontario Teachers Pension Plan Board owned about 0.32% of Sempra Energy at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Carnegie Investment Counsel raised its position in Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after purchasing an additional 22,408 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Sempra Energy by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider's stock worth $142,702,000 after buying an additional 74,749 shares during the period. Dockside LLC acquired a new stake in shares of Sempra Energy in the fourth quarter valued at about $3,938,000. Magellan Asset Management Ltd grew its stake in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock valued at $219,446,000 after buying an additional 91,519 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Sempra Energy during the 4th quarter valued at about $3,289,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction 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. The trade was a 24.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company's stock.

Sempra Energy Price Performance

SRE stock opened at $87.26 on Wednesday. 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 52-week low of $78.97 and a 52-week high of $101.04. The stock's 50 day moving average is $90.70 and its two-hundred day moving average is $92.26. The company has a market capitalization of $57.06 billion, a PE ratio of 25.29, a P/E/G ratio of 2.08 and a beta of 0.57.

Sempra Energy (NYSE:SRE - Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS 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 company had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the prior year, the business posted $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. Analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company reissued an "overweight" rating and set a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. Truist Financial set a $100.00 price objective on shares of Sempra Energy and gave the company a "buy" rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. TD Cowen started coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a "buy" rating for the company. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sempra Energy in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.92.

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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