Commerce Bank Invests $5.37 Million in Sempra Energy $SRE

Commerce Bank acquired a new position in Sempra Energy (NYSE:SRE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 57,875 shares of the utilities provider’s stock, valued at approximately $5,366,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC grew its position in shares of Sempra Energy by 52.5% in the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after buying an additional 6,196 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after acquiring an additional 15,474 shares during the period. Baird Financial Group Inc. boosted its holdings in Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 858 shares during the last quarter. Cary Street Partners Financial LLC boosted its holdings in Sempra Energy by 78.5% in the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. increased its position in Sempra Energy by 80.0% during the 2nd quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock valued at $32,072,000 after purchasing an additional 188,131 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Stock Down 0.0%

Sempra Energy stock opened at $82.87 on Monday. 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 12-month low of $78.97 and a 12-month high of $101.04. The firm’s fifty day moving average is $90.31 and its 200 day moving average is $92.23. The company has a market capitalization of $54.19 billion, a PE ratio of 24.02, a PEG ratio of 1.99 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping 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 analysts’ expectations of $3.14 billion. During the same period last year, the company posted $0.89 earnings per share. The business’s quarterly 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. As a group, sell-side analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Activity

In other news, EVP Caroline Ann Winn sold 8,000 shares of the 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 transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

SRE has been the topic of a number of analyst reports. TD Cowen initiated coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating on the stock. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Barclays cut their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.62.

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.