KeyCorp Has Optimistic View of Sempra Energy FY2027 Earnings

Sempra Energy (NYSE:SRE) – Equities research analysts at KeyCorp upped their FY2027 earnings per share estimates for Sempra Energy in a note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $5.51 per share for the year, up from their previous estimate of $5.49. The consensus estimate for Sempra Energy’s current full-year earnings is $5.12 per share. KeyCorp also issued estimates for Sempra Energy’s FY2028 earnings at $5.96 EPS.

A number of other brokerages have also recently commented on SRE. Scotiabank assumed coverage on shares of Sempra Energy in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $83.00 price target for the company. Morgan Stanley lowered their price objective on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. JPMorgan Chase & Co. dropped their target price on shares of Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday. LADENBURG THALM/SH SH dropped their target price on shares of Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Finally, BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.03.

Sempra Energy Stock Performance

NYSE SRE opened at $81.96 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average price is $82.59 and its two-hundred day moving average price is $89.17. Sempra Energy has a 1 year low of $76.21 and a 1 year high of $101.04. The firm has a market capitalization of $53.60 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.28 and a beta of 0.55.

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, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue was down .1% 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 4.800-5.300 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pure Financial Advisors LLC bought a new stake in shares of Sempra Energy during the second quarter worth approximately $4,555,000. Carnegie Investment Counsel grew its position in shares of Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after purchasing an additional 22,408 shares during the last quarter. Magellan Asset Management Ltd grew its position in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after purchasing an additional 91,519 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Sempra Energy by 16.1% during the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after purchasing an additional 1,441,981 shares during the period. Finally, Swiss National Bank increased its stake in shares of Sempra Energy by 7.1% during the first quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider’s stock worth $186,119,000 after purchasing an additional 127,400 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 24th will be paid a $0.6575 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.2%. Sempra Energy’s dividend payout ratio is 76.23%.

About Sempra Energy

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.