Sempra (NYSE:SRE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sempra (NYSE:SRE) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $83.36.

A number of equities research analysts recently issued reports on SRE shares. Morgan Stanley increased their target price on shares of Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays boosted their target price on Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Wells Fargo & Company raised their price target on Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Evercore ISI boosted their price objective on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, LADENBURG THALM/SH SH lowered their target price on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th.

Insider Transactions at Sempra

In related news, CAO Peter R. Wall sold 6,100 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the transaction, the chief accounting officer now directly owns 14,751 shares in the company, valued at $1,107,357.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sempra

Several hedge funds have recently added to or reduced their stakes in SRE. Family Firm Inc. bought a new stake in shares of Sempra in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC increased its stake in Sempra by 195.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 277 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Sempra in the second quarter worth $33,000. Financial Connections Group Inc. bought a new position in shares of Sempra during the second quarter worth $34,000. Finally, SouthState Corp grew its holdings in shares of Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock valued at $36,000 after buying an additional 423 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Up 0.1 %

Shares of SRE opened at $81.40 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $77.67 and a two-hundred day moving average price of $74.28. The stock has a market cap of $51.29 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 2.78 and a beta of 0.74. Sempra has a 12 month low of $63.75 and a 12 month high of $83.68.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $0.94 EPS. Sempra’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities analysts predict that Sempra will post 4.79 EPS for the current fiscal year.

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.