In yesterday’s Wall Street session, Sempra (NYSE:SRE) shares traded at $75.23, up 1.68% from the previous session.
SRE stock price is now 6.36% away from the 50-day moving average and 5.17% away from the 200-day moving average. The market capitalization of the company currently stands at $47.56B.
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With the price target enhanced from $76 to $84, BMO Capital Markets Upgraded its rating from Market Perform to Outperform for Sempra (NYSE: SRE). On January 03, 2024, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $81.50, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, BIRD JUSTIN CHRISTOPHER, Executive Vice President sold 6,278 shares of the company’s stock on Mar 08 ’24. The stock was sold for $443,227 at an average price of $70.60. Upon completion of the transaction, the Executive Vice President now directly owns 13,434 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, Executive VP and CFO Sedgwick Karen L sold 3,624 shares of the business’s stock. A total of $255,818 was realized by selling the stock at an average price of $70.59. This leaves the insider owning 39,400 shares of the company worth $2.96 million. A total of 0.04% of the company’s stock is owned by insiders.
During the past 12 months, Sempra has had a low of $63.75 and a high of $78.70. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 0.62, and a quick ratio of 0.57.
The net profit margin was 21.05% and return on equity was 10.23% for SRE. The company reported revenue of $3.64 billion for the quarter, compared to $6.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.51 percent.
