Sempra Energy (NYSE:SRE) Stock Picked Up by Analysts at Scotiabank

Equities researchers at Scotiabank began coverage on shares of Sempra Energy (NYSE:SRE) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set a “sector perform” rating and a $83.00 price target on the utilities provider’s stock. Scotiabank’s price objective would suggest a potential upside of 8.01% from the stock’s current price.

Several other brokerages have also issued reports on SRE. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. TD Cowen initiated coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating for the company. Truist Financial set a $96.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Barclays lowered their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.36.

Sempra Energy Stock Performance

Shares of NYSE:SRE opened at $76.85 on Tuesday. Sempra Energy has a 1 year low of $76.66 and a 1 year high of $101.04. The stock has a market capitalization of $50.25 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The company’s 50 day simple moving average is $85.00 and its 200 day simple moving average is $90.42.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, research analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Sempra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRE. Creative Capital Management Investments LLC boosted its holdings in Sempra Energy by 12.1% in the 1st quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 112 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after buying an additional 116 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Sempra Energy by 57.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock worth $31,000 after buying an additional 127 shares during the last quarter. Davidson Trust Co. raised its position in shares of Sempra Energy by 4.5% during the 1st quarter. Davidson Trust Co. now owns 3,147 shares of the utilities provider’s stock valued at $306,000 after buying an additional 135 shares during the period. Finally, Bridgewater Advisors Inc. lifted its holdings in Sempra Energy by 2.2% in the first quarter. Bridgewater Advisors Inc. now owns 6,614 shares of the utilities provider’s stock valued at $643,000 after acquiring an additional 140 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

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 infrastructure that supports the delivery of electricity and natural gas, with operations focused primarily on North America.

Sempra’s principal businesses include regulated utilities and infrastructure development. Its California utilities, San Diego Gas & Electric and Southern California Gas, provide electric and natural gas services to customers in Southern California.