Sempra Energy (NYSE:SRE) Now Covered by Analysts at Scotiabank

Equities research analysts at Scotiabank started coverage on shares of Sempra Energy (NYSE:SRE) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “sector perform” rating and a $83.00 price target on the utilities provider’s stock. Scotiabank’s price objective would indicate a potential upside of 8.01% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Barclays cut their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Truist Financial set a $96.00 price target on Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. lowered their price target on Sempra Energy from $113.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. Finally, TD Cowen initiated coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Sempra Energy presently has an average rating of “Moderate Buy” and an average price target of $100.36.

Sempra Energy Stock Down 1.4%

Shares of SRE opened at $76.85 on Tuesday. The company’s 50-day moving average price is $85.00 and its 200 day moving average price is $90.42. Sempra Energy has a 12-month low of $76.66 and a 12-month high of $101.04. 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 $50.25 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping 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 company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $0.89 earnings per share. Sempra Energy’s revenue 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. On average, sell-side analysts forecast that Sempra Energy will post 5.12 earnings per share for the current year.

Hedge Funds Weigh In On Sempra Energy

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Sempra Energy during the second quarter worth about $5,588,577,000. Bank of America Corp DE acquired a new position in Sempra Energy in the 2nd quarter valued at about $957,056,000. Deutsche Bank AG acquired a new position in Sempra Energy in the 2nd quarter valued at about $896,599,000. Legal & General Group Plc purchased a new stake in Sempra Energy during the 2nd quarter valued at approximately $538,775,000. Finally, Bank of New York Mellon Corp acquired a new stake in Sempra Energy during the 2nd quarter worth approximately $465,202,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Company Profile

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.