Sempra Energy (NYSE:SRE) Upgraded to Strong-Buy at TD Cowen

Sempra Energy (NYSE:SRE) was upgraded by TD Cowen to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

SRE has been the subject of a number of other research reports. Truist Financial set a $104.00 target price on Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their price target on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Finally, Wall Street Zen downgraded Sempra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

Sempra Energy Trading Up 0.6%

Shares of Sempra Energy stock opened at $95.17 on Wednesday. The firm has a market cap of $62.21 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 2.28 and a beta of 0.56. Sempra Energy has a 52-week low of $73.18 and a 52-week high of $101.04. The company’s 50-day simple moving average is $91.88 and its 200-day simple moving average is $92.07. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s revenue was down 3.9% 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 4.870-5.370 EPS. As a group, equities research analysts anticipate that Sempra Energy will post 5.11 earnings per share for the current year.

Insider Activity

In other news, insider Diana L. Day sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the transaction, the insider directly owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,900 shares of company stock worth $1,261,207 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sempra Energy

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in shares of Sempra Energy by 52.5% during the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock worth $1,285,000 after purchasing an additional 6,196 shares during the last quarter. Woodline Partners LP raised its position in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock valued at $3,819,000 after buying an additional 15,474 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Sempra Energy by 6.2% during the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock valued at $1,114,000 after buying an additional 858 shares during the period. Cary Street Partners Financial LLC boosted its position in Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after acquiring an additional 188,131 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.