Sempra Energy (NYSE:SRE) Receives $102.00 Average Target Price from Brokerages

Shares of Sempra Energy (NYSE:SRE) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $102.00.

A number of research firms have commented on SRE. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Mizuho reaffirmed a “neutral” rating and set a $84.00 price target (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. Jefferies Financial Group raised Sempra Energy from a “hold” rating to a “buy” rating and dropped their price objective for the company from $101.00 to $97.00 in a research report on Tuesday, September 1st. Morgan Stanley decreased their target price on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th.

Sempra Energy Trading Up 0.6%

Shares of NYSE SRE opened at $82.17 on Tuesday. The firm’s 50 day moving average price is $86.92 and its 200-day moving average price is $91.15. The company has a market cap of $53.73 billion, a PE ratio of 23.82, a P/E/G ratio of 2.26 and a beta of 0.55. Sempra Energy has a 52-week low of $79.59 and a 52-week high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts expect that Sempra Energy will post 5.13 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, September 24th. Sempra Energy’s payout ratio is presently 76.23%.

Institutional Investors Weigh In On Sempra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new stake in Sempra Energy in the 2nd quarter worth approximately $26,000. Core Capital Management & Research inc. purchased a new position in shares of Sempra Energy in the 2nd quarter worth $250,000. Sequoia Financial Advisors LLC boosted its stake in shares of Sempra Energy by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 62,622 shares of the utilities provider’s stock worth $5,806,000 after buying an additional 813 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Sempra Energy by 86.5% in the second quarter. Tidal Investments LLC now owns 80,245 shares of the utilities provider’s stock worth $7,440,000 after acquiring an additional 37,212 shares during the period. Finally, Van Hulzen Asset Management LLC grew its holdings in shares of Sempra Energy by 3.5% in the second quarter. Van Hulzen Asset Management LLC now owns 10,550 shares of the utilities provider’s stock worth $978,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

About Sempra Energy

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.