Sempra (NYSE:SRE) Price Target Cut to $79.00

Sempra (NYSE:SREGet Free Report) had its target price lowered by research analysts at LADENBURG THALM/SH SH from $81.50 to $79.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 6.15% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley upped their price objective on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Mizuho upped their price objective on shares of Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a report on Friday, May 17th. StockNews.com lowered shares of Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Wells Fargo & Company upped their price objective on shares of Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.64.

Read Our Latest Stock Analysis on SRE

Sempra Price Performance

Sempra stock opened at $74.42 on Wednesday. Sempra has a 52-week low of $63.75 and a 52-week high of $78.83. The firm has a market capitalization of $47.10 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.60 and a beta of 0.70. The company has a fifty day simple moving average of $72.77 and a 200-day simple moving average of $72.56. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.87.

Sempra (NYSE:SREGet Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Sempra had a return on equity of 8.95% and a net margin of 20.99%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same period in the previous year, the company earned $1.46 EPS. Sempra’s quarterly revenue was down 44.5% compared to the same quarter last year. On average, equities analysts anticipate that Sempra will post 4.82 EPS for the current fiscal year.

Insider Transactions at Sempra

In other news, insider Diana L. Day sold 3,937 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $71.21, for a total transaction of $280,353.77. Following the sale, the insider now owns 18,145 shares of the company’s stock, valued at $1,292,105.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Justin Christopher Bird sold 5,063 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $71.22, for a total value of $360,586.86. Following the sale, the executive vice president now owns 19,712 shares of the company’s stock, valued at $1,403,888.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Diana L. Day sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $71.21, for a total transaction of $280,353.77. Following the completion of the sale, the insider now directly owns 18,145 shares in the company, valued at approximately $1,292,105.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,729 shares of company stock valued at $5,072,179. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sempra

Several hedge funds have recently added to or reduced their stakes in the stock. Ausbil Investment Management Ltd grew its position in shares of Sempra by 13.5% during the fourth quarter. Ausbil Investment Management Ltd now owns 172,129 shares of the utilities provider’s stock worth $12,863,000 after acquiring an additional 20,469 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Sempra by 932.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 43,848 shares of the utilities provider’s stock worth $3,277,000 after acquiring an additional 39,600 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Sempra during the fourth quarter worth approximately $9,715,000. D.A. Davidson & CO. grew its position in shares of Sempra by 14.4% during the fourth quarter. D.A. Davidson & CO. now owns 41,202 shares of the utilities provider’s stock worth $3,079,000 after acquiring an additional 5,197 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Sempra by 17.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 127,151 shares of the utilities provider’s stock worth $9,502,000 after acquiring an additional 18,760 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

About Sempra

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Sempra (NYSE:SRE)

Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.