Barclays began coverage on shares of Sempra (NYSE:SRE – Get Free Report) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage set an “overweight” rating on the utilities provider’s stock.
A number of other equities research analysts also recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Sempra from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. The Goldman Sachs Group started coverage on Sempra in a research report on Wednesday, June 7th. They issued a “buy” rating and a $89.00 price objective for the company. StockNews.com started coverage on shares of Sempra in a research report on Sunday. They set a “hold” rating on the stock. 888 reiterated a “maintains” rating on shares of Sempra in a research note on Friday, June 23rd. Finally, Guggenheim decreased their price objective on shares of Sempra from $87.00 to $86.00 in a report on Friday, July 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.43.
View Our Latest Stock Report on Sempra
Sempra Price Performance
Sempra (NYSE:SRE – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.86 by $0.08. Sempra had a return on equity of 10.04% and a net margin of 14.90%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that Sempra will post 4.47 EPS for the current year.
Institutional Trading of Sempra
Institutional investors have recently made changes to their positions in the stock. OLD Second National Bank of Aurora grew its position in Sempra by 576.9% during the fourth quarter. OLD Second National Bank of Aurora now owns 176 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Dark Forest Capital Management LP boosted its position in shares of Sempra by 567.9% in the fourth quarter. Dark Forest Capital Management LP now owns 187 shares of the utilities provider’s stock worth $29,000 after buying an additional 159 shares during the period. WealthPLAN Partners LLC purchased a new stake in shares of Sempra in the first quarter worth about $29,000. EP Wealth Advisors LLC acquired a new stake in shares of Sempra in the first quarter valued at about $29,000. Finally, West Tower Group LLC purchased a new stake in shares of Sempra during the 2nd quarter valued at about $31,000. 84.45% of the stock is owned by hedge funds and other institutional investors.
About Sempra
Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.
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