In yesterday’s Wall Street session, Sempra (NYSE:SRE) shares traded at $71.98, down -0.85% from the previous session.
As of this writing, 19 analysts cover Sempra (NYSE:SRE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $89.00 and a low of $75.00, we find $81.00. Given the previous closing price of $72.60, this indicates a potential upside of 11.57 percent. SRE stock price is now 2.60% away from the 50-day moving average and -1.93% away from the 200-day moving average. The market capitalization of the company currently stands at $45.30B.
There are 7 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $80.96 as their price target over the next twelve months.
With the price target of $156, Barclays recently initiated with Overweight rating for Sempra (NYSE: SRE).
In other news, Martin Jeffrey W, Chairman, CEO and President sold 19,260 shares of the company’s stock on Mar 15. The stock was sold for $2,813,736 at an average price of $146.09. Upon completion of the transaction, the Chairman, CEO and President now directly owns 1 shares in the company, valued at $71.98. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Executive VP and CFO MIHALIK TREVOR I sold 2,306 shares of the business’s stock. A total of $342,441 was realized by selling the stock at an average price of $148.50. This leaves the insider owning 21,362 shares of the company worth $1.54 million. Insiders disposed of 73,060 shares of company stock worth roughly $5.26 million over the past 1 year. A total of 0.04% of the company’s stock is owned by insiders.
Wednesday morning saw Sempra (NYSE: SRE) opened at $72.57. During the past 12 months, Sempra has had a low of $63.75 and a high of $84.12. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 0.61, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $75.71B, which is based on a 16.66 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for SRE is $70.21 and a two-hundred day moving average price translates $73.35 for the stock.
The latest earnings results from Sempra (NYSE: SRE) was released for Sep, 2023. According to the Utilities – Diversified Company, earnings per share came in at $1.08, beating analysts’ expectations of $1.01 by 0.07. This compares to $0.77 EPS in the same period last year. The net profit margin was 15.75% and return on equity was 10.04% for SRE. The company reported revenue of $3.33 billion for the quarter, compared to $3.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.82 percent. For the current quarter, analysts expect SRE to generate $4B in revenue.
Sempra(SRE) Company Profile
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. It generates electricity through wind, solar, and other resources. As of December 31, 2022, it offered electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles. The Southern California Gas Company segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas. As of December 31, 2022, it serves a population of 21.1 million covering an area of 24,000 square miles. The Sempra Texas Utilities segment engages in the regulated electricity transmission and distribution. As of December 31, 2022, its transmission system included 18,268 circuit miles of transmission lines; 1,207 transmission and distribution substations; interconnection to 146 third-party generation facilities totaling 48,430 MW; and distribution system included approximately 3.9 million points of delivery and consisted of 123,500 miles of overhead and underground lines. The Sempra Infrastructure segment develops, builds, operates, and invests in energy infrastructure to help enable the energy transition in North American markets and worldwide. The company was formerly known as Sempra Energy and changed its name to Sempra in May 2023. Sempra was founded in 1998 and is based in San Diego, California.