Sempra Energy (NYSE:SRE) Stock Rated “Sector Perform” in New Coverage at Scotiabank

by · The Markets Daily

Scotiabank assumed coverage on shares of Sempra Energy (NYSE:SRE – Free Report) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage issued a sector perform rating and a $83.00 price target on the utilities provider’s stock.

A number of other equities research analysts have also commented on SRE. Barclays dropped 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. BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group upgraded Sempra Energy from a “hold” rating to a “buy” rating and lowered their target price for the stock from $101.00 to $97.00 in a report on Tuesday, September 1st. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Morgan Stanley cut their price target on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.36.

Get Our Latest Stock Report on SRE

Sempra Energy Price Performance

Shares of SRE opened at $78.00 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. The stock has a 50 day simple moving average of $84.15 and a 200 day simple moving average of $90.09. Sempra Energy has a 52-week low of $76.21 and a 52-week high of $101.04. The firm has a market capitalization of $51.01 billion, a PE ratio of 22.61, a P/E/G ratio of 2.15 and a beta of 0.55.

Sempra Energy (NYSE:SRE – Get Free Report) last posted its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the business earned $0.89 EPS. Sempra Energy’s revenue for the quarter was down .1% compared to the same quarter last year. 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. Sell-side analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 24th will be paid a $0.6575 dividend. This represents a $2.63 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, September 24th. Sempra Energy’s dividend payout ratio (DPR) is 76.23%.

Hedge Funds Weigh In On Sempra Energy

A number of institutional investors have recently bought and sold shares of SRE. Anchor Investment Management LLC bought a new position in shares of Sempra Energy during the 2nd quarter worth approximately $26,000. Core Capital Management & Research inc. bought a new stake in Sempra Energy in the 2nd quarter valued at $250,000. Sequoia Financial Advisors LLC raised its stake in Sempra Energy by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 62,622 shares of the utilities provider’s stock valued at $5,806,000 after acquiring an additional 813 shares during the period. Tidal Investments LLC lifted its holdings in Sempra Energy by 86.5% during the 2nd quarter. Tidal Investments LLC now owns 80,245 shares of the utilities provider’s stock valued at $7,440,000 after purchasing an additional 37,212 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in Sempra Energy by 3.5% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 10,550 shares of the utilities provider’s stock valued at $978,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

About Sempra Energy

(Get Free Report)

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.

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