Sempra (NYSE:SRE) Price Target Raised to $87.00

Sempra (NYSE:SRE) had its price target increased by Barclays from $81.00 to $87.00 in a research report report published on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Several other research firms have also issued reports on SRE. Wells Fargo & Company boosted their target price on Sempra from $79.00 to $84.00 and gave the stock an overweight rating in a research report on Wednesday, May 8th. LADENBURG THALM/SH SH decreased their price objective on shares of Sempra from $81.50 to $79.00 and set a buy rating for the company in a report on Wednesday, May 29th. Evercore ISI increased their target price on shares of Sempra from $83.00 to $84.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. BMO Capital Markets decreased their price target on shares of Sempra from $86.00 to $84.00 and set an outperform rating for the company in a report on Wednesday, July 10th. Finally, Morgan Stanley dropped their price objective on Sempra from $79.00 to $76.00 and set an equal weight rating on the stock in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $83.00.

Sempra Trading Up 0.4 %

Shares of NYSE SRE opened at $79.99 on Tuesday. The company’s 50 day simple moving average is $77.13 and its 200 day simple moving average is $73.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a fifty-two week low of $63.75 and a fifty-two week high of $83.68. The firm has a market capitalization of $50.41 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.73 and a beta of 0.74.

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

Insiders Place Their Bets

In related news, CAO Peter R. Wall sold 6,100 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total transaction of $457,927.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,751 shares in the company, valued at $1,107,357.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in Sempra during the second quarter valued at approximately $30,000. JFS Wealth Advisors LLC boosted its holdings in shares of Sempra by 195.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock valued at $31,000 after buying an additional 277 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sempra in the 2nd quarter valued at approximately $33,000. Financial Connections Group Inc. bought a new position in shares of Sempra in the second quarter valued at $34,000. Finally, SouthState Corp increased its holdings in Sempra by 900.0% during the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

About Sempra

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.