Sempra Energy (NYSE:SRE) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Sempra Energy (NYSE:SRE) had its price target cut by JPMorgan Chase & Co. from $102.00 to $99.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Scotiabank began coverage on shares of Sempra Energy in a research note on Tuesday, September 29th. They set a “sector perform” rating and a $83.00 price target on the stock. Barclays restated an “overweight” rating and set a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a report on Monday. Truist Financial set a $96.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Thursday, September 3rd. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.03.

Sempra Energy Stock Performance

SRE opened at $81.96 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The stock has a market cap of $53.60 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.28 and a beta of 0.55. Sempra Energy has a 1-year low of $76.21 and a 1-year high of $101.04. The stock’s 50 day simple moving average is $82.59 and its 200 day simple moving average is $89.17.

Sempra Energy (NYSE:SRE) last announced 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. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business 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 anticipate that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SRE. Perpetual Ltd raised its position in Sempra Energy by 3.8% during the third quarter. Perpetual Ltd now owns 2,941,084 shares of the utilities provider’s stock valued at $229,287,000 after buying an additional 106,383 shares during the period. Grove Bank & Trust increased its holdings in shares of Sempra Energy by 1.9% in the 3rd quarter. Grove Bank & Trust now owns 8,375 shares of the utilities provider’s stock valued at $653,000 after purchasing an additional 159 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Sempra Energy in the 3rd quarter valued at about $1,509,000. Tompkins Financial Corp acquired a new position in shares of Sempra Energy in the 3rd quarter valued at about $129,000. Finally, Rockland Trust Co. purchased a new stake in shares of Sempra Energy in the third quarter worth approximately $258,000. 89.65% of the stock is owned by institutional investors and hedge funds.

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.