HSBC started coverage on shares of Sempra Energy (NYSE:SRE – Free Report) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $97.50 target price on the utilities provider’s stock.
A number of other brokerages also recently weighed in on SRE. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and cut their price target for the company from $101.00 to $97.00 in a research note on Tuesday, September 1st. LADENBURG THALM/SH SH lowered their price objective on shares of Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Barclays reaffirmed an “overweight” rating and issued a $90.00 target price (down from $103.00) on shares of Sempra Energy in a report on Monday, October 12th. Finally, Truist Financial set a $94.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research note on Wednesday, October 14th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.53.
Check Out Our Latest Analysis on SRE
Sempra Energy Price Performance
Shares of NYSE SRE opened at $84.13 on Thursday. The stock has a market capitalization of $55.01 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.32 and a beta of 0.55. The business has a 50-day moving average of $82.31 and a 200-day moving average of $88.53. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a fifty-two week low of $76.21 and a fifty-two week high of $101.04.
Sempra Energy (NYSE:SRE – Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. Sempra Energy’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 5.13 earnings per share for the current fiscal year.
Sempra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were issued a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s dividend payout ratio (DPR) is presently 76.23%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Pictet & Cie SA acquired a new stake in shares of Sempra Energy during the third quarter valued at about $647,000. V Square Quantitative Management LLC grew its holdings in shares of Sempra Energy by 5.7% during the third quarter. V Square Quantitative Management LLC now owns 29,131 shares of the utilities provider’s stock worth $2,271,000 after purchasing an additional 1,575 shares during the last quarter. Perpetual Ltd grew its holdings in shares of Sempra Energy by 3.8% during the third quarter. Perpetual Ltd now owns 2,941,084 shares of the utilities provider’s stock worth $229,287,000 after purchasing an additional 106,383 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Sempra Energy by 1.9% in the third quarter. Grove Bank & Trust now owns 8,375 shares of the utilities provider’s stock valued at $653,000 after buying an additional 159 shares during the period. Finally, Moody National Bank Trust Division acquired a new position in shares of Sempra Energy in the third quarter valued at approximately $1,509,000. 89.65% of the stock is owned by institutional investors and hedge funds.
Sempra Energy Company Profile
Sempra is an energy infrastructure company headquartered in San Diego, California. Through its regulated utility businesses, the company provides natural gas and electric service to customers in California, including through Southern California Gas Company and San Diego Gas & Electric Company.
Sempra also develops, owns, and operates energy infrastructure in North America. Its activities include natural gas pipelines and storage, liquefied natural gas infrastructure, renewable energy and battery storage projects, and electric transmission and distribution assets.
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