Sempra Energy (NYSE:SRE) Stock Has Average Price Target of $100.00 According to Brokerages

Sempra Energy (NYSE:SRE) has received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $101.03.

A number of equities research analysts recently weighed in on SRE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Thursday. Mizuho reissued a “neutral” rating and issued a $84.00 price target (down from $104.00) on shares of Sempra Energy in a research note on Monday, August 31st. The Goldman Sachs Group boosted their price objective on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group upgraded Sempra Energy from a “hold” rating to a “buy” rating and cut their price objective for the company from $101.00 to $97.00 in a report on Tuesday, September 1st. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th.

Institutional Trading of Sempra Energy

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Sempra Energy during the second quarter worth $5,588,577,000. ABS Investment Management LLC purchased a new position in Sempra Energy in the second quarter valued at about $5,377,180,000. Bank of America Corp DE raised its stake in shares of Sempra Energy by 16.1% in the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after buying an additional 1,441,981 shares during the period. Deutsche Bank AG bought a new position in Sempra Energy during the second quarter worth about $896,599,000. Finally, Legal & General Group Plc purchased a new position in Sempra Energy in the 2nd quarter valued at approximately $538,775,000. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Stock Up 1.9%

Shares of NYSE:SRE traded up $1.57 during trading on Friday, reaching $83.50. 3,806,278 shares of the company traded hands, compared to its average volume of 3,455,552. The firm has a fifty day simple moving average of $82.53 and a 200 day simple moving average of $89.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a 1-year low of $76.21 and a 1-year high of $101.04. The firm has a market cap of $54.60 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last posted its 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 during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. 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. Analysts anticipate that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.6575 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. Sempra Energy’s payout ratio is currently 76.23%.

Sempra Energy Company Profile

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates infrastructure that supports the delivery of electricity and natural gas, with operations focused primarily on North America.

Sempra’s principal businesses include regulated utilities and infrastructure development. Its California utilities, San Diego Gas & Electric and Southern California Gas, provide electric and natural gas services to customers in Southern California.