Sempra (NYSE:SRE – Get Free Report) has been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $91.60.
SRE has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.
Check Out Our Latest Stock Report on Sempra
Insider Buying and Selling at Sempra
Hedge Funds Weigh In On Sempra
Institutional investors and hedge funds have recently made changes to their positions in the stock. Unigestion Holding SA acquired a new position in shares of Sempra during the 3rd quarter worth $33,023,000. JPMorgan Chase & Co. grew its stake in shares of Sempra by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock worth $286,695,000 after purchasing an additional 278,183 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Sempra by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after purchasing an additional 6,709 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Sempra during the 3rd quarter worth $675,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Sempra by 14.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 190,714 shares of the utilities provider’s stock worth $15,949,000 after purchasing an additional 23,970 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.
Sempra Stock Down 0.0 %
Shares of Sempra stock opened at $82.78 on Thursday. The company has a market capitalization of $52.43 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company has a 50 day moving average of $87.72 and a 200 day moving average of $84.10.
Sempra (NYSE:SRE – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. As a group, research analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.
Sempra Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were paid a $0.62 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 3.00%. Sempra’s dividend payout ratio is currently 54.63%.
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.
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