Sempra Energy (NYSE:SRE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sempra Energy (NYSE:SRE) from a sell rating to a hold rating in a research note released on Saturday morning.

SRE has been the topic of a number of other reports. Barclays lowered their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $108.00 price target on shares of Sempra Energy in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.23.

Sempra Energy Stock Down 1.9%

SRE stock opened at $91.20 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66. The stock has a market capitalization of $59.62 billion, a P/E ratio of 30.92, a P/E/G ratio of 2.23 and a beta of 0.56. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The business has a 50-day moving average of $91.95 and a 200-day moving average of $92.47.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.51. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.Sempra Energy’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 EPS. 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. On average, sell-side analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th were paid a $0.6575 dividend. The ex-dividend date was Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.9%. Sempra Energy’s payout ratio is 89.15%.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, Director Pablo Ferrero sold 2,600 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $89.53, for a total value of $232,778.00. Following the completion of the sale, the director owned 15,423 shares of the company’s stock, valued at $1,380,821.19. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,900 shares of company stock valued at $1,261,207 in the last quarter. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Sempra Energy

A number of large investors have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC lifted its position in shares of Sempra Energy by 12.1% during the 1st quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 112 shares during the period. Bell Investment Advisors Inc increased its position in shares of Sempra Energy by 79.5% in 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. Gulf International Bank UK Ltd increased its position in shares of Sempra Energy by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after purchasing an additional 123 shares during the period. Rothschild Investment LLC raised its stake in Sempra Energy by 3.5% in the fourth quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 124 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised 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 purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

About Sempra Energy

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.