KeyCorp Forecasts Sempra Energy’s FY2030 Earnings (NYSE:SRE)

Sempra Energy (NYSE:SRE) – Analysts at KeyCorp issued their FY2030 earnings per share estimates for shares of Sempra Energy in a report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will post earnings of $7.05 per share for the year. The consensus estimate for Sempra Energy’s current full-year earnings is $5.12 per share.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior 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.

A number of other equities research analysts also recently issued reports on the stock. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays dropped their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Wells Fargo & Company restated an “overweight” rating and set a $118.00 target price on shares of Sempra Energy in a research report on Tuesday, April 21st. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. Finally, TD Cowen assumed coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. One equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.23.

Sempra Energy Trading Down 1.9%

SRE stock opened at $91.20 on Monday. The firm has a fifty day moving average price of $91.95 and a 200 day moving average price of $92.47. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The firm has a market cap of $59.62 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 2.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69.

Hedge Funds Weigh In On Sempra Energy

Large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Sempra Energy in the fourth quarter worth about $914,924,000. Morgan Stanley grew its stake in shares of Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after buying an additional 3,250,783 shares during the last quarter. Invesco Ltd. grew its stake in shares of Sempra Energy by 40.1% during the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock valued at $937,512,000 after buying an additional 2,984,409 shares during the last quarter. National Pension Service raised its holdings in shares of Sempra Energy by 246.4% in the fourth quarter. National Pension Service now owns 2,826,999 shares of the utilities provider’s stock worth $249,596,000 after buying an additional 2,010,853 shares during the period. Finally, State Street Corp raised its holdings in shares of Sempra Energy by 5.2% in the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after buying an additional 1,824,280 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sempra Energy news, insider Diana L. Day sold 3,300 shares of Sempra Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the transaction, the insider directly owned 22,870 shares of the company’s stock, valued at $2,107,013.10. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pablo Ferrero sold 2,600 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $89.53, for a total transaction of $232,778.00. Following the transaction, the director owned 15,423 shares in the company, valued at $1,380,821.19. This trade represents a 14.43% 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 over the last three months. 0.31% of the stock is owned by company insiders.

Sempra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were given a $0.6575 dividend. The ex-dividend date was Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a yield of 2.9%. Sempra Energy’s dividend payout ratio (DPR) is currently 89.15%.

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.