CIBC Asset Management Inc Grows Stock Holdings in Sempra Energy $SRE

CIBC Asset Management Inc boosted its stake in shares of Sempra Energy (NYSE:SRE) by 61.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 166,465 shares of the utilities provider’s stock after purchasing an additional 63,226 shares during the quarter. CIBC Asset Management Inc’s holdings in Sempra Energy were worth $14,697,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after acquiring an additional 1,008,476 shares in the last quarter. Capital International Investors boosted its position in Sempra Energy by 9.2% during the third quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock worth $4,865,115,000 after purchasing an additional 4,572,312 shares in the last quarter. State Street Corp grew its holdings in Sempra Energy by 1.8% in the third quarter. State Street Corp now owns 34,986,169 shares of the utilities provider’s stock valued at $3,148,055,000 after purchasing an additional 606,101 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 116,554 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Sempra Energy by 106.3% in the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock valued at $938,325,000 after buying an additional 5,374,277 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SRE has been the subject of several research reports. BMO Capital Markets cut their price target on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Wall Street Zen cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. lifted their target price on shares of Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. UBS Group reaffirmed a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.67.

Sempra Energy Stock Up 0.9%

SRE opened at $90.30 on Friday. Sempra Energy has a 12 month low of $73.06 and a 12 month high of $101.04. The business has a 50-day moving average of $93.75 and a two-hundred day moving average of $91.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 3.38 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last released its 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 analysts’ expectations of $4.10 billion. During the same period last year, the company earned $1.44 earnings per share. The company’s quarterly revenue 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. On average, research analysts expect that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Announces Dividend

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

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of the company’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 completion of the sale, the insider directly owned 22,870 shares in the company, valued at $2,107,013.10. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin Christopher Bird sold 1,128 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total transaction of $109,066.32. Following the completion of the transaction, the executive vice president owned 21,632 shares in the company, valued at $2,091,598.08. The trade was a 4.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 6,192 shares of company stock worth $576,979 and sold 13,439 shares worth $1,243,713. Corporate insiders own 0.31% of the company’s stock.

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.