The stock of Sempra (NYSE:SRE) last traded at $155.88, down -0.28% from the previous session.
Data from the available sources indicates that Sempra (NYSE:SRE) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $196.00 and a low of $153.00, we find $166.00. Given the previous closing price of $156.32, this indicates a potential upside of 6.19 percent. SRE stock price is now -0.23% away from the 50-day moving average and -2.07% away from the 200-day moving average. The market capitalization of the company currently stands at $48.78B.
In total, 8 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $168.62 as their price target over the next twelve months.
On July 06, 2022, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $164 to quote $167, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, Martin Jeffrey W, Chairman, CEO and President sold 30,796 shares of the company’s stock on Mar 28. The stock was sold for $4,996,049 at an average price of $162.23. Upon completion of the transaction, the Chairman, CEO and President now directly owns 19,261 shares in the company, valued at $3.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, SVP, Controller and CAO WALL PETER R sold 2,559 shares of the business’s stock. A total of $369,648 was realized by selling the stock at an average price of $144.45. This leaves the insider owning 6,776 shares of the company worth $1.06 million. Insiders disposed of 62,875 shares of company stock worth roughly $9.8 million over the past 1 year. A total of 0.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SRE stock. A new stake in Sempra shares was purchased by CAPITAL RESEARCH GLOBAL INVESTORS during the first quarter worth $53,648,000. COVEA FINANCE invested $39,309,000 in shares of SRE during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in Sempra valued at approximately $24,541,000. LORD, ABBETT & CO. LLC acquired a new stake in SRE for approximately $22,589,000. LNZ CAPITAL LP purchased a new stake in SRE valued at around $20,420,000 in the second quarter. In total, there are 1,334 active investors with 89.10% ownership of the company’s stock.
With an opening price of $156.50 on Thursday morning, Sempra (NYSE: SRE) set off the trading day. During the past 12 months, Sempra has had a low of $129.69 and a high of $176.47. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for SRE is $156.24 and a two-hundred day moving average price translates $159.18 for the stock.
The latest earnings results from Sempra (NYSE: SRE) was released for Jun, 2022. According to the Utilities – Diversified Company, earnings per share came in at $1.98, beating analysts’ expectations of $1.76 by 0.22. This compares to -$2.03 EPS in the same period last year. The net profit margin was 15.20% and return on equity was 8.80% for SRE. The company reported revenue of $3.62 billion for the quarter, compared to $3.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.05 percent. For the current quarter, analysts expect SRE to generate $3.36B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/15/2023. Investors who held shares on 12/22/2022 were paid a $1.145 dividend. On an annualized basis, this represents a $4.58 dividend and a 2.94% percent yield. There was an ex-dividend date of 12/21/2022 for this dividend. In terms of dividend payout ratio, SRE is presently at 62.80%.
Sempra(SRE) Company Profile
Sempra operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles. Its Southern California Gas Company segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas to a population of approximately 22 million covering an area of 24,000 square miles. The company’s Sempra Texas Utilities segment engages in the regulated transmission and distribution of electricity serving 3.8 million homes and businesses, and operation of 140,000 miles of transmission and distribution lines. Its transmission system includes 18,249 circuit miles of transmission lines, a total of 1,174 transmission and distribution substations, and interconnection to 130 third-party generation facilities totaling 45,403 megawatts. The company was formerly known as Sempra Energy and changed its name to Sempra in July 2021. Sempra was founded in 1998 and is headquartered in San Diego, California.