Sempra (NYSE:SRE – Get Free Report) had its target price decreased by research analysts at Barclays from $99.00 to $95.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective points to a potential upside of 16.20% from the company’s current price.
SRE has been the subject of a number of other reports. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price objective 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, Jefferies Financial Group initiated 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. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, Sempra presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.
View Our Latest Analysis on SRE
Sempra Price Performance
Sempra (NYSE:SRE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was down 16.7% on a year-over-year basis. Research analysts expect that Sempra will post 4.77 EPS for the current year.
Insider Buying and Selling
In other news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Crews Bank & Trust acquired a new position in shares of Sempra during the 4th quarter worth about $26,000. Eastern Bank bought a new stake in Sempra during the third quarter worth about $28,000. Hollencrest Capital Management boosted its position in Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in Sempra by 225.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.
About Sempra
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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