Sempra (NYSE:SRE) PT Lowered to $84.00

Sempra (NYSE:SRE) had its price target lowered by investment analysts at BMO Capital Markets from $86.00 to $84.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 10.53% from the company’s current price.

A number of other brokerages also recently weighed in on SRE. Wells Fargo & Company lifted their target price on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Mizuho lifted their target price on Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, May 17th. LADENBURG THALM/SH SH reduced their price objective on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Morgan Stanley reduced their price objective on Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, Barclays raised their price objective on Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.10.

Sempra Trading Up 0.6 %

Shares of SRE traded up $0.42 during mid-day trading on Wednesday, reaching $76.00. 532,435 shares of the company were exchanged, compared to its average volume of 2,987,830. Sempra has a 52 week low of $63.75 and a 52 week high of $78.83. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.57 and a current ratio of 0.62. The stock has a market capitalization of $47.89 billion, a PE ratio of 16.79, a PEG ratio of 2.61 and a beta of 0.74. The business has a 50 day simple moving average of $75.72 and a two-hundred day simple moving average of $73.03.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. Sempra’s revenue was down 44.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 earnings per share. On average, analysts predict that Sempra will post 4.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard J. Mark acquired 1,925 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $77.97 per share, with a total value of $150,092.25. Following the acquisition, the director now directly owns 5,420 shares of the company’s stock, valued at $422,597.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Richard J. Mark acquired 1,925 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $77.97 per share, with a total value of $150,092.25. Following the acquisition, the director now directly owns 5,420 shares of the company’s stock, valued at $422,597.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Peter R. Wall sold 6,100 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Sempra

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Sempra in the 4th quarter worth about $28,000. 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 worth $31,000 after buying an additional 277 shares during the last quarter. Financial Connections Group Inc. purchased a new position in shares of Sempra in the 4th quarter worth about $34,000. Planned Solutions Inc. purchased a new position in shares of Sempra in the 4th quarter worth about $35,000. Finally, Rational Advisors LLC bought a new stake in Sempra in the 1st quarter valued at about $43,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

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.