Ontario Teachers Pension Plan Board Acquires New Holdings in Sempra Energy $SRE

Ontario Teachers Pension Plan Board acquired a new position in Sempra Energy (NYSE:SRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,075,296 shares of the utilities provider’s stock, valued at approximately $192,401,000. Sempra Energy accounts for approximately 1.2% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRE. Vanguard Group Inc. increased its stake in Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock valued at $6,774,907,000 after buying an additional 1,008,476 shares during the period. BlackRock Inc. acquired a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $5,588,577,000. State Street Corp lifted its stake in shares of Sempra Energy by 5.2% in the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares during the period. Morgan Stanley boosted its holdings 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 valued at $1,971,524,000 after acquiring an additional 3,250,783 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Sempra Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after acquiring an additional 116,554 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SRE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays decreased 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. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a research note on Thursday, July 16th. Finally, Truist Financial set a $100.00 price objective on Sempra Energy and gave the company a “buy” rating in a report on Thursday, August 13th. 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’s stock. Based on data from MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $103.92.

Sempra Energy Price Performance

NYSE SRE opened at $87.26 on Wednesday. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The business’s fifty day moving average is $90.70 and its two-hundred day moving average is $92.26. The stock has a market capitalization of $57.06 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.08 and a beta of 0.57. 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:SRE) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $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. On average, research 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 Sempra Energy stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

About Sempra Energy

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.