Brokerages Set Sempra Energy (NYSE:SRE) Price Target at $103.00

Sempra Energy (NYSE:SRE) has been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $103.00.

Several research firms have issued reports on SRE. Wall Street Zen cut Sempra Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. BMO Capital Markets cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Wells Fargo & Company reissued an “overweight” rating and set a $118.00 target price on shares of Sempra Energy in a research note on Tuesday, April 21st. Finally, Morgan Stanley set a $104.00 target price on Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday, April 21st.

Insiders Place Their Bets

In other Sempra Energy news, EVP Justin Christopher Bird sold 1,128 shares of Sempra Energy stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total transaction of $109,066.32. Following the sale, the executive vice president directly owned 21,632 shares of the company’s stock, valued at approximately $2,091,598.08. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dyan Z. Wold sold 1,539 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $95.38, for a total value of $146,789.82. Following the transaction, the chief accounting officer owned 4,633 shares of the company’s stock, valued at $441,895.54. This represents a 24.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 6,192 shares of company stock valued at $576,979 and have sold 10,839 shares valued at $1,010,935. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Sempra Energy

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after buying an additional 1,008,476 shares during the period. Capital International Investors grew its position in shares of Sempra Energy by 9.2% in the 3rd quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock valued at $4,865,115,000 after purchasing an additional 4,572,312 shares during the period. State Street Corp grew its position in shares of Sempra Energy by 5.2% in the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock valued at $3,273,460,000 after purchasing an additional 1,824,280 shares during the period. Morgan Stanley grew its position in shares of Sempra Energy by 17.0% in the 4th quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sempra Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after purchasing an additional 116,554 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Stock Down 2.6%

SRE opened at $90.47 on Wednesday. Sempra Energy has a one year low of $73.06 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69. The stock’s fifty day moving average is $94.71 and its 200-day moving average is $92.00. The company has a market capitalization of $59.14 billion, a PE ratio of 30.67, a P/E/G ratio of 3.51 and a beta of 0.60.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, meeting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $1.44 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. 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. On average, equities analysts predict that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s payout ratio is currently 89.15%.

Sempra Energy Company Profile

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.