Sempra (NYSE:SRE) Price Target Raised to $93.00 at BMO Capital Markets

Sempra (NYSE:SRE) had its price target upped by equities researchers at BMO Capital Markets from $90.00 to $93.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 12.09% from the stock’s previous close.

Several other analysts have also commented on SRE. Evercore ISI increased their target price on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. LADENBURG THALM/SH SH cut their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Mizuho increased their target price on shares of Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays increased their target price on shares of Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley increased their target price on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Sempra Trading Up 1.6 %

Shares of NYSE:SRE opened at $82.97 on Thursday. The company has a 50 day moving average of $79.69 and a 200-day moving average of $75.44. The firm has a market cap of $52.53 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.83 and a beta of 0.75. Sempra has a twelve month low of $63.75 and a twelve month high of $84.28. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84.

Sempra (NYSE:SRE) last released its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, analysts anticipate that Sempra will post 4.79 earnings per share for the current fiscal year.

Insider Activity at Sempra

In related news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the transaction, the chief accounting officer now directly owns 14,751 shares in the company, valued at approximately $1,107,357.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in Sempra in the 2nd quarter worth $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in Sempra in the 2nd quarter worth $33,000. Financial Connections Group Inc. acquired a new stake in Sempra in the 2nd quarter worth $34,000. SouthState Corp grew its position in Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Sempra in the 2nd quarter worth $39,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

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.