Sempra (NYSE:SRE) Releases Earnings Results, Beats Estimates By $0.03 EPS

Sempra (NYSE:SRE) released its quarterly earnings data on Tuesday. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03, Briefing.com reports. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $4.90 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 earnings per share. Sempra updated its FY25 guidance to $4.30-4.70 EPS.

Sempra Trading Up 0.1 %

Shares of SRE opened at $87.20 on Tuesday. The firm has a market cap of $55.23 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The business has a 50-day moving average of $84.29 and a 200 day moving average of $84.98.

Sempra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.645 per share. This is an increase from Sempra’s previous quarterly dividend of $0.62. This represents a $2.58 annualized dividend and a dividend yield of 2.96%. Sempra’s dividend payout ratio is presently 54.63%.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at $165.88. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the completion of the sale, the senior vice president now directly owns 13,905 shares in the company, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on SRE shares. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Barclays reduced their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Evercore ISI increased their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $91.20.

Sempra Company Profile

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.