Sempra Energy (NYSE:SRE) Receives $103.00 Consensus Target Price from Brokerages

Sempra Energy (NYSE:SRE) has earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $102.6667.

A number of equities analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Monday, April 20th. Morgan Stanley set a $104.00 target price on Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Wells Fargo & Company restated an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a research note on Tuesday, April 21st. Truist Financial set a $104.00 target price on Sempra Energy and gave the company a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th.

Sempra Energy Stock Performance

Shares of SRE stock opened at $91.33 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $94.60 and a two-hundred day moving average of $91.97. Sempra Energy has a 52 week low of $73.06 and a 52 week high of $101.04. The company has a market cap of $59.70 billion, a P/E ratio of 30.96, a PEG ratio of 3.41 and a beta of 0.60.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. Sempra Energy’s quarterly revenue was down 3.9% compared to the same quarter last year. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.870-5.370 EPS. As a group, analysts anticipate that Sempra Energy will post 5.11 EPS for the current year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 annualized dividend and a dividend yield of 2.9%. Sempra Energy’s payout ratio is currently 89.15%.

Insider Buying and Selling at Sempra Energy

In other news, insider Diana L. Day sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the transaction, the insider directly owned 22,870 shares in the company, valued at approximately $2,107,013.10. The trade was a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard J. Mark acquired 2,692 shares of Sempra Energy stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $93.30 per share, with a total value of $251,163.60. Following the completion of the transaction, the director owned 17,376 shares of the company’s stock, valued at approximately $1,621,180.80. This trade represents a 18.33% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 6,192 shares of company stock valued at $576,979 and sold 13,439 shares valued at $1,243,713. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Sempra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bell Investment Advisors Inc boosted its position in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after buying an additional 116 shares during the period. Meeder Asset Management Inc. acquired a new stake in Sempra Energy in the third quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new stake in Sempra Energy in the fourth quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 127 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in Sempra Energy by 83.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 161 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.