Sempra Energy (NYSE:SRE) Shares Gap Down – Here’s Why

Shares of Sempra Energy (NYSE:SRE) gapped down before the market opened on Monday . The stock had previously closed at $84.31, but opened at $79.98. Sempra Energy shares last traded at $81.4130, with a volume of 1,031,933 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SRE. Barclays reduced their price target on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley cut their price objective on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. Finally, Truist Financial set a $100.00 target price on Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.62.

Sempra Energy Price Performance

The firm has a market cap of $54.95 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56. The stock’s fifty day moving average price is $89.31 and its 200-day moving average price is $92.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. As a group, equities analysts expect that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares in the company, valued at $2,278,600.20. The trade was a 24.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sempra Energy

A number of institutional investors have recently added to or reduced their stakes in SRE. Amundi acquired a new position in Sempra Energy during the second quarter worth $146,868,000. HighTower Advisors LLC acquired a new stake in shares of Sempra Energy in the 2nd quarter worth $118,996,000. California State Teachers Retirement System raised its holdings in shares of Sempra Energy by 11,081.4% during the 2nd quarter. California State Teachers Retirement System now owns 92,350,656 shares of the utilities provider’s stock worth $8,561,829,000 after acquiring an additional 91,524,727 shares during the period. Greenland Capital Management LP purchased a new position in shares of Sempra Energy during the 2nd quarter worth $7,245,000. Finally, Washington Trust Advisors Inc. boosted its position in shares of Sempra Energy by 61.5% during the 2nd quarter. Washington Trust Advisors Inc. now owns 2,915 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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.