Sempra (NYSE:SRE) Receives $82.10 Consensus PT from Analysts

Shares of Sempra (NYSE:SRE) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $82.10.

SRE has been the subject of a number of research reports. Mizuho increased their target price on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Morgan Stanley lowered their target price on Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. LADENBURG THALM/SH SH lowered their target price on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. BMO Capital Markets lowered their price target on Sempra from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th.

Sempra Trading Up 0.0 %

Shares of SRE opened at $77.05 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.62 and a quick ratio of 0.57. Sempra has a 1 year low of $63.75 and a 1 year high of $78.83. The company has a 50 day simple moving average of $75.97 and a two-hundred day simple moving average of $73.10. The firm has a market cap of $48.55 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Sempra had a net margin of 20.99% and a return on equity of 8.95%. The company’s quarterly revenue was down 44.5% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. On average, equities analysts expect that Sempra will post 4.8 earnings per share for the current fiscal year.

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.48 annualized dividend and a dividend yield of 3.22%. Sempra’s dividend payout ratio is currently 54.99%.

Insider Activity

In other news, Director Richard J. Mark purchased 1,925 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of $77.97 per share, for a total transaction of $150,092.25. Following the completion of the purchase, the director now owns 5,420 shares in the company, valued at approximately $422,597.40. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Richard J. Mark bought 1,925 shares of the business’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of $77.97 per share, for a total transaction of $150,092.25. Following the completion of the purchase, the director now directly owns 5,420 shares of the company’s stock, valued at $422,597.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter R. Wall sold 6,100 shares of Sempra stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the transaction, the chief accounting officer now owns 14,751 shares in the company, valued at approximately $1,107,357.57. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Sempra

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRE. Transcend Capital Advisors LLC boosted its holdings in Sempra by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after acquiring an additional 136 shares in the last quarter. Marcum Wealth LLC boosted its holdings in Sempra by 3.5% in the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 137 shares in the last quarter. Mechanics Bank Trust Department boosted its holdings in Sempra by 1.4% in the fourth quarter. Mechanics Bank Trust Department now owns 10,182 shares of the utilities provider’s stock worth $761,000 after acquiring an additional 140 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in Sempra by 3.4% in the first quarter. Premier Path Wealth Partners LLC now owns 4,335 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 142 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Sempra by 7.5% in the fourth quarter. Benjamin Edwards Inc. now owns 2,081 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

About Sempra

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.