Stocks of Sempra (NYSE:SRE) traded higher last session on Wall Street, down -4.94% to $78.73.
SRE stock price is now -11.14% away from the 50-day moving average and -2.16% away from the 200-day moving average. The market capitalization of the company currently stands at $49.87B.
With the price target enhanced from $85 to $98, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Sempra (NYSE: SRE). On October 24, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $98, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, MIHALIK TREVOR I, Executive VP and Group Pres sold 23,713 shares of the company’s stock on Nov 20 ’24. The stock was sold for $2,207,443 at an average price of $93.09. Upon completion of the transaction, the Executive VP and Group Pres now directly owns 11,190 shares in the company, valued at $0.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Officer MIHALIK TREVOR I bought 23,713 shares of the business’s stock. A total of $2,214,320 was incurred on buying the stock at an average price of $93.38. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Sempra has had a low of $66.40 and a high of $95.77. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 0.52, and a quick ratio of 0.47. According to the stock market information, the enterprise value for the company is $91072520192, which is based on a 17.33 price-to-earnings ratio, a 2.48 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for SRE is $88.5978 and a two-hundred day moving average price translates $80.46945 for the stock.
The latest earnings results from Sempra (NYSE: SRE) was released for 2024-09-30. The net profit margin was 22.98% and return on equity was 10.12% for SRE. The company reported revenue of $2.78 billion for the quarter, compared to $3.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.74 percent.
