Sempra (NYSE:SRE) Updates FY25 Earnings Guidance

Sempra (NYSE:SRE) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.90-5.25 for the period, compared to the consensus earnings per share estimate of $5.16. Sempra also updated its FY 2024 guidance to 4.600-4.900 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SRE shares. BMO Capital Markets cut their price target on Sempra from $86.00 to $84.00 and set an outperform rating on the stock in a research note on Wednesday, July 10th. Mizuho upped their target price on shares of Sempra from $79.00 to $86.00 and gave the company a buy rating in a research report on Friday, May 17th. Morgan Stanley lowered their price target on shares of Sempra from $79.00 to $76.00 and set an equal weight rating for the company in a research report on Monday, June 24th. LADENBURG THALM/SH SH cut their price objective on shares of Sempra from $81.50 to $79.00 and set a buy rating on the stock in a report on Wednesday, May 29th. Finally, Wells Fargo & Company lifted their target price on shares of Sempra from $79.00 to $84.00 and gave the stock an overweight rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $82.27.

Sempra Trading Up 0.4 %

Shares of NYSE SRE opened at $77.57 on Friday. Sempra has a twelve month low of $63.75 and a twelve month high of $83.68. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.83 and a beta of 0.74. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.87. The company’s fifty day moving average is $76.82 and its 200-day moving average is $73.55.

Sempra (NYSE:SRE) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a return on equity of 8.95% and a net margin of 20.99%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the company posted $0.94 earnings per share. Sempra’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts predict that Sempra will post 4.8 EPS for the current year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Thursday, June 27th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Thursday, June 27th. Sempra’s dividend payout ratio is presently 54.99%.

Insider Transactions at Sempra

In other Sempra news, Director Richard J. Mark purchased 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 transaction, the director now directly owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Richard J. Mark purchased 1,925 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $77.97 per share, for a total transaction of $150,092.25. Following the completion of the purchase, the director now directly owns 5,420 shares in the company, valued at $422,597.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter R. Wall sold 6,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total value of $457,927.00. Following the sale, the chief accounting officer now owns 14,751 shares in the company, valued at approximately $1,107,357.57. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Sempra Company Profile

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.