Canada Post Corp Registered Pension Plan Trims Stake in Sempra Energy $SRE

Canada Post Corp Registered Pension Plan reduced its position in Sempra Energy (NYSE:SRE) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,962 shares of the utilities provider’s stock after selling 7,448 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Sempra Energy were worth $6,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new stake in Sempra Energy in the 4th quarter worth about $26,000. Activest Wealth Management raised its position in Sempra Energy by 74.6% in the 3rd quarter. Activest Wealth Management now owns 391 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 167 shares during the period. Board of the Pension Protection Fund purchased a new stake in Sempra Energy in the 4th quarter worth about $35,000. Salomon & Ludwin LLC raised its position in Sempra Energy by 88.8% in the 4th quarter. Salomon & Ludwin LLC now owns 406 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 191 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in Sempra Energy in the 3rd quarter worth about $41,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sempra Energy

In other news, insider Diana L. Day sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the sale, the insider owned 22,870 shares in the company, valued at approximately $2,107,013.10. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cynthia J. Warner purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the purchase, the director directly owned 11,275 shares of the company’s stock, valued at approximately $1,048,011.25. The trade was a 28.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 6,192 shares of company stock valued at $576,979 and have sold 10,839 shares valued at $1,010,935. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SRE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Monday, April 20th. BMO Capital Markets reduced their target price on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a research note on Tuesday, April 21st. Wall Street Zen lowered Sempra Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, JPMorgan Chase & Co. increased their target price on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $103.00.

Sempra Energy Price Performance

NYSE SRE opened at $90.47 on Friday. The firm’s fifty day simple moving average is $94.71 and its two-hundred day simple moving average is $92.00. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12-month low of $73.06 and a 12-month high of $101.04. The firm has a market capitalization of $59.14 billion, a P/E ratio of 30.67, a P/E/G ratio of 3.41 and a beta of 0.60.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was down 3.9% 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 4.870-5.370 EPS. Analysts forecast that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. Sempra Energy’s payout ratio is presently 89.15%.

Sempra Energy 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.