Several brokerages have updated their recommendations and price targets on shares of Sempra (NYSE: SRE) in the last few weeks:
- 10/17/2023 – Sempra had its price target lowered by analysts at JPMorgan Chase & Co. from $82.00 to $78.00. They now have a “neutral” rating on the stock.
- 10/13/2023 – Sempra was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 10/9/2023 – Sempra had its price target lowered by analysts at Guggenheim from $86.00 to $76.00.
- 10/5/2023 – Sempra is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
- 10/4/2023 – Sempra had its price target lowered by analysts at UBS Group AG from $95.00 to $89.00. They now have a “buy” rating on the stock.
- 9/21/2023 – Sempra had its price target raised by analysts at Morgan Stanley from $76.00 to $78.00. They now have an “equal weight” rating on the stock.
- 9/6/2023 – Sempra had its price target lowered by analysts at Royal Bank of Canada from $91.00 to $82.00. They now have an “outperform” rating on the stock.
- 8/30/2023 – Sempra was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 8/23/2023 – Sempra is now covered by analysts at Barclays PLC. They set an “overweight” rating on the stock.
- 8/23/2023 – Sempra had its price target lowered by analysts at Morgan Stanley from $79.00 to $76.00. They now have an “equal weight” rating on the stock.
Sempra Stock Down 1.2 %
Sempra stock opened at $69.55 on Friday. The firm has a market capitalization of $43.77 billion, a P/E ratio of 17.61, a P/E/G ratio of 3.17 and a beta of 0.74. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.91. Sempra has a twelve month low of $63.75 and a twelve month high of $84.13. The stock’s fifty day simple moving average is $70.32 and its 200-day simple moving average is $73.08.
Sempra (NYSE:SRE – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.08. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a return on equity of 10.04% and a net margin of 14.90%. Sempra’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, equities analysts expect that Sempra will post 4.5 earnings per share for the current fiscal year.
Sempra Dividend Announcement
Hedge Funds Weigh In On Sempra
A number of institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors raised its holdings in Sempra by 11.6% during 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 in the last quarter. State Street Corp grew its stake in Sempra by 0.5% during the 2nd quarter. State Street Corp now owns 17,502,896 shares of the utilities provider’s stock worth $2,548,247,000 after buying an additional 83,368 shares during the last quarter. Wellington Management Group LLP lifted its stake in Sempra by 3.4% in the first quarter. Wellington Management Group LLP now owns 12,450,946 shares of the utilities provider’s stock valued at $1,882,085,000 after buying an additional 404,289 shares during the last quarter. Norges Bank acquired a new stake in shares of Sempra in the fourth quarter valued at approximately $1,000,291,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Sempra by 3.8% in the 2nd quarter. Clearbridge Investments LLC now owns 5,815,727 shares of the utilities provider’s stock valued at $846,712,000 after acquiring an additional 212,233 shares during the period. Institutional investors and hedge funds own 84.83% of the company’s stock.
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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