JPMorgan Chase & Co. Has Lowered Expectations for Sempra Energy (NYSE:SRE) Stock Price

Sempra Energy (NYSE:SRE) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $102.00 to $99.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 21.58% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Mizuho restated a “neutral” rating and issued a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a research note on Monday, August 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Truist Financial set a $96.00 price objective on Sempra Energy and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Barclays restated an “overweight” rating and issued a $90.00 price objective on shares of Sempra Energy in a research note on Monday. Finally, Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.77.

Sempra Energy Price Performance

NYSE:SRE traded up $0.09 during mid-day trading on Monday, reaching $81.42. The stock had a trading volume of 560,436 shares, compared to its average volume of 3,746,156. The firm has a 50 day moving average price of $82.86 and a two-hundred day moving average price of $89.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The stock has a market capitalization of $53.24 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.25 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. 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. As a group, analysts expect that Sempra Energy will post 5.12 earnings per share for the current year.

Institutional Trading of Sempra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bell Investment Advisors Inc raised its stake in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Sempra Energy in the second quarter valued at $25,000. Anchor Investment Management LLC purchased a new position in shares of Sempra Energy during the 2nd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Sempra Energy in the 2nd quarter valued at about $27,000. Finally, Silvant Capital Management LLC purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

About Sempra Energy

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

Sempra’s principal businesses include regulated utilities and infrastructure development. Its California utilities, San Diego Gas & Electric and Southern California Gas, provide electric and natural gas services to customers in Southern California.