Sempra Energy (NYSE:SRE) Given New $104.00 Price Target at Morgan Stanley

Sempra Energy (NYSE:SRE) had its price target cut by stock analysts at Morgan Stanley from $108.00 to $104.00 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 would suggest a potential upside of 23.59% from the stock’s current price.

Several other equities analysts have also issued reports on SRE. Barclays dropped their price target on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research report on Thursday, August 13th. TD Cowen assumed coverage on shares of Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating on the stock. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Jefferies Financial Group set a $101.00 price target on Sempra Energy in a research note on Thursday, July 16th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.62.

Sempra Energy Trading Down 3.7%

SRE stock traded down $3.23 during midday trading on Friday, hitting $84.15. The stock had a trading volume of 1,427,114 shares, compared to its average volume of 3,736,856. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The firm has a market cap of $55.03 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The business has a fifty day moving average price of $90.50 and a two-hundred day moving average price of $92.25. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. 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, sell-side analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president directly owned 25,164 shares of the company’s stock, valued at $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Sempra Energy

A number of hedge funds have recently bought and sold shares of the company. Quantitative Investment Management LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at about $271,000. Ancora Advisors LLC bought a new stake in Sempra Energy in the 2nd quarter worth about $33,000. Sigma Planning Corp bought a new stake in Sempra Energy in the 2nd quarter worth about $230,000. Two Sigma Securities LLC purchased a new stake in Sempra Energy in the 2nd quarter valued at about $2,655,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Sempra Energy during the 2nd quarter worth approximately $2,740,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

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.