Sempra Energy (NYSE:SRE) Hits New 12-Month Low – Should You Sell?

Sempra Energy (NYSE:SRE) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $76.66 and last traded at $76.8480, with a volume of 4410325 shares. The stock had previously closed at $77.93.

Analysts Set New Price Targets

Several research firms have weighed in on SRE. Scotiabank began coverage on shares of Sempra Energy in a research note on Tuesday. They issued a “sector perform” rating and a $83.00 price target for the company. TD Cowen initiated coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating on the stock. Mizuho restated a “neutral” rating and issued a $84.00 target price (down from $104.00) on shares of Sempra Energy in a research note on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on Sempra Energy from $113.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. Finally, Jefferies Financial Group raised Sempra Energy from a “hold” rating to a “buy” rating and dropped their price target for the stock from $101.00 to $97.00 in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.36.

Sempra Energy Stock Down 0.1%

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The stock’s 50 day simple moving average is $84.46 and its 200 day simple moving average is $90.21. The firm has a market cap of $51.06 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.16 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $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. Research analysts anticipate that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 24th will be given a $0.6575 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.63 annualized dividend and a yield of 3.4%. Sempra Energy’s dividend payout ratio (DPR) is presently 76.23%.

Hedge Funds Weigh In On Sempra Energy

A number of hedge funds have recently added to or reduced their stakes in SRE. BlackRock Inc. bought a new position in shares of Sempra Energy in the second quarter valued at approximately $5,588,577,000. JPMorgan Chase & Co. raised its position in Sempra Energy by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock valued at $1,073,918,000 after buying an additional 1,735,516 shares during the last quarter. Bank of America Corp DE raised its position in Sempra Energy by 16.1% in the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after buying an additional 1,441,981 shares during the last quarter. Deutsche Bank AG bought a new position in Sempra Energy during the 2nd quarter valued at $896,599,000. Finally, Legal & General Group Plc bought a new position in Sempra Energy during the 2nd quarter valued at $538,775,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

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.