Sempra (NYSE:SRE) Receives $86.20 Average Price Target from Analysts

Sempra (NYSE:SRE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $86.20.

A number of equities analysts have weighed in on the stock. Bank of America started coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a "buy" rating and a $94.00 target price for the company. Morgan Stanley boosted their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Barclays increased their price objective on Sempra from $87.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. BMO Capital Markets lifted their target price on Sempra from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Thursday, September 12th. Finally, Evercore ISI upped their price target on Sempra from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SRE. Family Firm Inc. acquired a new position in Sempra in the second quarter valued at about $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sempra in the 2nd quarter valued at approximately $33,000. Financial Connections Group Inc. bought a new stake in Sempra during the 2nd quarter worth approximately $34,000. SouthState Corp raised its holdings in Sempra by 900.0% during the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider's stock worth $36,000 after buying an additional 423 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Sempra in the second quarter valued at approximately $39,000. Institutional investors own 89.65% of the company's stock.

Sempra Price Performance

Shares of NYSE:SRE traded up $0.88 during trading on Tuesday, reaching $84.03. The stock had a trading volume of 5,174,317 shares, compared to its average volume of 2,858,246. The stock has a market capitalization of $52.95 billion, a PE ratio of 18.63, a P/E/G ratio of 2.59 and a beta of 0.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a 52 week low of $66.40 and a 52 week high of $84.49. The business's 50-day moving average price is $81.82 and its 200 day moving average price is $77.41.

Sempra (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company's revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities analysts predict that Sempra will post 4.79 earnings per share for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.95%. Sempra's dividend payout ratio (DPR) is presently 54.99%.

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.