Sempra (NYSE:SRE) Price Target Cut to $95.00 by Analysts at Barclays

Sempra (NYSE:SRE) had its price objective decreased by Barclays from $99.00 to $95.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

SRE has been the topic of several other research reports. Wells Fargo & Company lifted their target price on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI lifted their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group began coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets lifted their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Sempra Trading Down 0.7 %

Shares of NYSE:SRE opened at $82.16 on Monday. The stock’s 50-day simple moving average is $87.72 and its two-hundred day simple moving average is $84.22. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The stock has a market capitalization of $52.04 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.10 and a beta of 0.78.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. Analysts expect that Sempra will post 4.77 EPS for the current year.

Sempra Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, December 5th. Sempra’s payout ratio is currently 54.63%.

Insider Activity at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its position in Sempra by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after buying an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in Sempra by 2.4% during the 4th quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock valued at $586,000 after buying an additional 155 shares in the last quarter. Kingsview Wealth Management LLC increased its position in Sempra by 0.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock valued at $3,890,000 after buying an additional 158 shares in the last quarter. CX Institutional increased its position in Sempra by 5.5% during the 3rd quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock valued at $258,000 after buying an additional 161 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in Sempra by 4.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock valued at $337,000 after buying an additional 163 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

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.