Sempra (NYSE:SRE) Receives Consensus Rating of “Buy” from Brokerages

Shares of Sempra (NYSE:SREGet Rating) have earned an average recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $159.50.

SRE has been the topic of a number of recent research reports. Citigroup increased their target price on Sempra from $142.00 to $171.00 in a research note on Thursday, April 28th. Credit Suisse Group initiated coverage on Sempra in a research note on Monday, April 25th. They set an “outperform” rating and a $180.00 target price on the stock. Royal Bank of Canada increased their target price on Sempra from $158.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 13th. Mizuho increased their target price on Sempra from $148.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, March 30th. Finally, Morgan Stanley reduced their price target on Sempra from $168.00 to $164.00 and set an “equal weight” rating on the stock in a research report on Monday.

NYSE:SRE opened at $163.79 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average price is $164.00 and its two-hundred day moving average price is $144.33. The firm has a market capitalization of $51.48 billion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 3.39 and a beta of 0.62. Sempra has a 12-month low of $119.56 and a 12-month high of $173.28.

Sempra (NYSE:SREGet Rating) last released its quarterly earnings data on Thursday, May 5th. The utilities provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.05. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.35 billion. Sempra had a return on equity of 10.96% and a net margin of 8.44%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. Equities research analysts expect that Sempra will post 8.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, July 7th will be issued a $1.145 dividend. This represents a $4.58 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 6th. Sempra’s dividend payout ratio is presently 144.48%.

In related news, CAO Peter R. Wall sold 2,559 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $144.45, for a total transaction of $369,647.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey W. Martin sold 30,796 shares of the firm’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $162.23, for a total value of $4,996,035.08. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its position in shares of Sempra by 5.7% in the 1st quarter. Advisory Services Network LLC now owns 17,633 shares of the utilities provider’s stock worth $2,965,000 after acquiring an additional 952 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Sempra by 44.9% in the 1st quarter. Neuberger Berman Group LLC now owns 1,315,932 shares of the utilities provider’s stock valued at $221,268,000 after buying an additional 407,856 shares during the period. Sawtooth Solutions LLC acquired a new stake in shares of Sempra in the 1st quarter valued at about $747,000. Toroso Investments LLC boosted its stake in Sempra by 42.4% during the 1st quarter. Toroso Investments LLC now owns 5,641 shares of the utilities provider’s stock valued at $948,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Sempra by 6.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,107 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 192 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Sempra Company Profile (Get Rating)

Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

Featured Stories

Analyst Recommendations for Sempra (NYSE:SRE)

Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.