57,875 Shares in Sempra Energy $SRE Bought by Commerce Bank

Commerce Bank purchased a new stake in Sempra Energy (NYSE:SRE) in the 2nd quarter, HoldingsChannel reports. The fund purchased 57,875 shares of the utilities provider’s stock, valued at approximately $5,366,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bell Investment Advisors Inc grew its holdings in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Sempra Energy in the 2nd quarter worth about $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Sempra Energy in the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Sempra Energy in the 2nd quarter valued at about $27,000. Finally, Silvant Capital Management LLC bought a new position in Sempra Energy in the 2nd quarter valued at about $28,000. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SRE. Barclays decreased their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Morgan Stanley dropped their target price on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday. Truist Financial set a $100.00 target price on Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.62.

Sempra Energy Price Performance

Sempra Energy stock opened at $82.87 on Monday. Sempra Energy has a 52 week low of $78.97 and a 52 week high of $101.04. The company’s 50 day moving average price is $90.31 and its two-hundred day moving average price is $92.23. The stock has a market cap of $54.19 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.99 and a beta of 0.57. 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 (NYSE:SRE) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. The company 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%.Sempra Energy’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. 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, equities analysts predict that Sempra Energy will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In other Sempra Energy 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 value of $724,400.00. Following the completion of the transaction, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.