BMO Capital Markets Increases Sempra (NYSE:SRE) Price Target to $96.00

Sempra (NYSE:SRE) had its target price boosted by equities research analysts at BMO Capital Markets from $93.00 to $96.00 in a report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 12.93% from the company’s current price.

Other research analysts have also issued research reports about the stock. Bank of America initiated coverage on shares of Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. Barclays increased their price target on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI raised their target price on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley raised their target price on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Sempra has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Sempra Stock Up 0.1 %

SRE stock opened at $85.01 on Monday. Sempra has a 12-month low of $66.40 and a 12-month high of $86.13. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a market cap of $53.82 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.73 and a beta of 0.75. The company has a 50 day moving average of $82.54 and a two-hundred day moving average of $77.91.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the company earned $0.94 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Sempra will post 4.79 earnings per share for the current fiscal year.

Institutional Trading of Sempra

Several hedge funds and other institutional investors have recently bought and sold shares of SRE. Eastern Bank acquired a new stake in Sempra in the 3rd quarter worth $28,000. Family Firm Inc. acquired a new stake in Sempra in the 2nd quarter worth $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in Sempra in the 2nd quarter worth $33,000. Financial Connections Group Inc. acquired a new stake in Sempra in the 2nd quarter worth $34,000. Finally, SouthState Corp grew its position in Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

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.