Sempra (NYSE:SRE) Receives $91.60 Consensus Target Price from Analysts

Sempra (NYSE:SRE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have covered the stock in the last year is $91.60.

A number of analysts recently issued reports on SRE shares. Jefferies Financial Group initiated coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. BMO Capital Markets upped their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Bank of America started coverage on Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Finally, Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insider Transactions at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC grew its stake in shares of Sempra by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after buying an additional 134 shares during the last quarter. Private Advisor Group LLC lifted its stake in Sempra by 1.6% in the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock worth $731,000 after acquiring an additional 139 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Sempra by 0.3% in the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock valued at $3,890,000 after acquiring an additional 158 shares in the last quarter. CX Institutional lifted its position in shares of Sempra by 5.5% in the 3rd quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 161 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of Sempra by 4.2% during the third quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock valued at $337,000 after buying an additional 163 shares during the period. Institutional investors own 89.65% of the company’s stock.

Sempra Price Performance

Shares of NYSE SRE opened at $87.72 on Friday. The company has a market capitalization of $55.56 billion, a PE ratio of 19.32, a PEG ratio of 2.45 and a beta of 0.77. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $88.97 and its 200-day moving average price is $83.21. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. On average, equities analysts anticipate that Sempra will post 4.76 EPS for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra’s dividend payout ratio is presently 54.63%.

Sempra Company Profile

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.