Barclays Lowers Sempra (NYSE:SRE) Price Target to $95.00

Sempra (NYSE:SRE) had its price objective decreased by analysts at Barclays from $99.00 to $95.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price would indicate a potential upside of 16.20% from the stock’s previous close.

A number of other analysts also recently weighed in on SRE. Jefferies Financial Group began coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Evercore ISI lifted their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.20.

Sempra Stock Down 0.5 %

SRE stock opened at $81.76 on Monday. The stock has a market capitalization of $51.78 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The company has a 50-day moving average of $87.51 and a two-hundred day moving average of $84.25. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Sempra (NYSE:SRE) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business earned $1.08 EPS. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Sempra will post 4.77 EPS for the current year.

Insider Buying and Selling at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Sempra

Large investors have recently bought and sold shares of the business. Crews Bank & Trust acquired a new position in Sempra in the fourth quarter worth $26,000. Eastern Bank bought a new position in shares of Sempra in the third quarter valued at about $28,000. Hollencrest Capital Management lifted its position in Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in Sempra by 225.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Finally, LRI Investments LLC increased its position in Sempra by 180.4% in the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 285 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

About Sempra

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.