Cibc World Market Inc. Acquires Shares of 74,842 Sempra Energy $SRE

Cibc World Market Inc. bought a new position in Sempra Energy (NYSE:SREFree Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 74,842 shares of the utilities provider’s stock, valued at approximately $6,939,000.

Other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc increased its holdings in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 116 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Sempra Energy in the 2nd quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Sempra Energy in the 2nd quarter worth $27,000. Ares Financial Consulting LLC bought a new position in shares of Sempra Energy during the 4th quarter worth $26,000. Finally, Silvant Capital Management LLC bought a new position in shares of Sempra Energy during the 2nd quarter worth $28,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SRE shares. 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. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. TD Cowen started coverage on shares of Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating for the company. Finally, Morgan Stanley lowered their target price on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, August 21st. One 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.62.

Check Out Our Latest Analysis on Sempra Energy

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $84.03 on Wednesday. The company has a market capitalization of $54.95 billion, a PE ratio of 24.36, a P/E/G ratio of 2.03 and a beta of 0.57. The company has a 50-day simple moving average of $90.01 and a two-hundred day simple moving average of $92.19. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.

Sempra Energy (NYSE:SREGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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