Sempra (NYSE:SRE) Price Target Increased to $96.00 by Analysts at BMO Capital Markets

Sempra (NYSE:SRE) had its price objective lifted by BMO Capital Markets from $93.00 to $96.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

Several other research analysts have also issued reports on the stock. Morgan Stanley increased their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America assumed coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price for the company. Barclays upped their price target on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Evercore ISI lifted their price objective on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.55.

Sempra Trading Down 0.2 %

Sempra stock opened at $85.77 on Monday. The business has a 50 day moving average price of $82.69 and a two-hundred day moving average price of $77.97. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. Sempra has a 12 month low of $66.40 and a 12 month high of $86.57. The stock has a market cap of $54.31 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts forecast that Sempra will post 4.79 EPS for the current year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.62 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.89%. Sempra’s dividend payout ratio (DPR) is currently 52.99%.

Institutional Trading of Sempra

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank bought a new position in Sempra in the 3rd quarter valued at $28,000. Family Firm Inc. bought a new stake in shares of Sempra during the second quarter worth $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sempra during the second quarter valued at $33,000. Financial Connections Group Inc. bought a new position in Sempra in the second quarter valued at about $34,000. Finally, SouthState Corp increased its position in Sempra by 900.0% in the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Company Profile

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.