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

TD Cowen upgraded shares of Sempra Energy (NYSE:SRE) to a strong-buy rating in a report published on Wednesday, Marketbeat reports.

A number of other brokerages have also issued reports on SRE. Wall Street Zen lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. raised their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Barclays reiterated an “overweight” rating and set a $105.00 price target (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. BMO Capital Markets decreased their price objective on Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.31.

Sempra Energy Trading Up 0.6%

Shares of SRE stock opened at $95.17 on Wednesday. The firm has a market capitalization of $62.21 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.28 and a beta of 0.56. Sempra Energy has a twelve month low of $73.18 and a twelve month high of $101.04. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $91.88 and its 200 day simple moving average is $92.07.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.51. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Sempra Energy will post 5.11 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.8%. Sempra Energy’s dividend payout ratio (DPR) is presently 89.15%.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Diana L. Day sold 3,300 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the sale, the insider owned 22,870 shares of the company’s stock, valued at approximately $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 13,900 shares of company stock worth $1,261,207. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Bell Investment Advisors Inc grew its stake in Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 116 shares during the period. Ares Financial Consulting LLC acquired a new position in Sempra Energy in the fourth quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after buying an additional 127 shares during the period. Key Financial Inc lifted its stake in Sempra Energy by 73.6% in the fourth quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after buying an additional 153 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after buying an additional 161 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

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.