Sempra (NYSE:SRE – Free Report) – Analysts at Seaport Res Ptn dropped their FY2025 EPS estimates for Sempra in a research report issued on Wednesday, September 13th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $5.12 per share for the year, down from their previous forecast of $5.14. The consensus estimate for Sempra’s current full-year earnings is $4.05 per share.
Several other brokerages have also recently commented on SRE. StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. 888 reiterated a “maintains” rating on shares of Sempra in a research note on Friday, June 23rd. Barclays started coverage on shares of Sempra in a research report on Wednesday, August 23rd. They set an “overweight” rating for the company. Royal Bank of Canada cut their target price on shares of Sempra from $91.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Finally, Wells Fargo & Company cut their target price on shares of Sempra from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.38.
Sempra Stock Up 2.2 %
Shares of NYSE SRE opened at $73.53 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 0.91. Sempra has a 52 week low of $68.27 and a 52 week high of $86.64. The firm has a 50-day moving average price of $72.26 and a 200 day moving average price of $73.77. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 3.59 and a beta of 0.74.
Sempra (NYSE:SRE – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.86 by $0.08. Sempra had a net margin of 14.90% and a return on equity of 10.04%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year.
Sempra Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.595 per share. The ex-dividend date is Tuesday, September 26th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.24%. Sempra’s payout ratio is currently 60.25%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SRE. Dark Forest Capital Management LP raised its holdings in Sempra by 567.9% in the fourth quarter. Dark Forest Capital Management LP now owns 187 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 159 shares in the last quarter. WealthPLAN Partners LLC acquired a new stake in Sempra in the first quarter valued at $29,000. EP Wealth Advisors LLC acquired a new stake in Sempra in the first quarter valued at $29,000. West Tower Group LLC acquired a new stake in Sempra in the second quarter valued at $31,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Sempra by 3,666.7% in the second quarter. Capital Advisors Ltd. LLC now owns 226 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 220 shares in the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds.
Sempra Company Profile
Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.
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