Sempra Energy (NYSE:SRE) Given New $100.00 Price Target at Morgan Stanley

Sempra Energy (NYSE:SRE) had its target price reduced by equities researchers at Morgan Stanley from $104.00 to $100.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective points to a potential upside of 22.69% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and decreased their target price for the company from $101.00 to $97.00 in a research report on Tuesday, September 1st. TD Cowen assumed coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They issued a “buy” rating for the company. Barclays cut their price target 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. Finally, BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the stock an “outperform” rating in a research report 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 given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.69.

Sempra Energy Trading Down 0.8%

SRE stock traded down $0.68 during mid-day trading on Friday, reaching $81.50. The company had a trading volume of 1,537,949 shares, compared to its average volume of 3,765,188. The company has a market capitalization of $53.30 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55. The firm has a 50 day moving average of $86.92 and a 200 day moving average of $91.15. Sempra Energy has a 12 month low of $79.59 and a 12 month high of $101.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. 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. On average, equities analysts predict that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in shares of Sempra Energy in the 2nd quarter valued at $26,000. Core Capital Management & Research inc. acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $250,000. Sequoia Financial Advisors LLC raised its holdings 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 buying an additional 813 shares during the period. Tidal Investments LLC lifted its position in Sempra Energy by 86.5% in the second quarter. Tidal Investments LLC now owns 80,245 shares of the utilities provider’s stock valued at $7,440,000 after buying an additional 37,212 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its position in Sempra Energy by 3.5% in the second quarter. Van Hulzen Asset Management LLC now owns 10,550 shares of the utilities provider’s stock valued at $978,000 after buying an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Company Profile

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.