Sempra (NYSE:SRE – Free Report) – KeyCorp raised their FY2024 EPS estimates for shares of Sempra in a research report issued on Tuesday, September 5th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $4.77 per share for the year, up from their previous estimate of $4.74. The consensus estimate for Sempra’s current full-year earnings is $4.03 per share. KeyCorp also issued estimates for Sempra’s FY2025 earnings at $5.14 EPS.
A number of other equities analysts also recently issued reports on SRE. Morgan Stanley cut their price target on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a report on Wednesday, August 23rd. Barclays began coverage on shares of Sempra in a report on Wednesday, August 23rd. They issued an “overweight” rating for the company. BMO Capital Markets cut their price target on shares of Sempra from $84.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, August 7th. Wells Fargo & Company dropped their target price on shares of Sempra from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Sempra in a report on Wednesday, June 7th. They set a “buy” rating and a $89.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.38.
Sempra Stock Up 1.2 %
Shares of Sempra stock opened at $70.46 on Thursday. The company has a market cap of $44.34 billion, a P/E ratio of 17.84, a PEG ratio of 3.47 and a beta of 0.74. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.53 and a current ratio of 0.57. Sempra has a one year low of $68.27 and a one year high of $88.24. The firm has a fifty day moving average of $72.33 and a two-hundred day moving average of $73.99.
Sempra (NYSE:SRE – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.08. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 14.90% and a return on equity of 10.04%. Sempra’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS.
Sempra Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Wednesday, September 27th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 3.38%. Sempra’s payout ratio is 60.25%.
Institutional Trading of Sempra
A number of hedge funds have recently made changes to their positions in SRE. Norges Bank acquired a new position in Sempra in the fourth quarter worth $1,000,291,000. Capital International Investors lifted its holdings in Sempra by 11.6% in the second quarter. Capital International Investors now owns 27,459,739 shares of the utilities provider’s stock worth $3,997,728,000 after purchasing an additional 2,843,930 shares during the period. Perpetual Ltd bought a new stake in Sempra in the first quarter worth about $207,986,000. Morgan Stanley raised its position in Sempra by 24.9% in the fourth quarter. Morgan Stanley now owns 4,933,253 shares of the utilities provider’s stock worth $762,385,000 after acquiring an additional 982,317 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Sempra by 17.5% in the first quarter. Clearbridge Investments LLC now owns 5,603,494 shares of the utilities provider’s stock worth $847,024,000 after acquiring an additional 836,059 shares in the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
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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