Key Points
- Insider sale: Sempra Energy director Pablo Ferrero sold 2,600 shares on May 18 at an average price of $89.53, totaling about $232,778. After the transaction, he still held 15,423 shares.
- Recent earnings: The utility reported quarterly EPS of $1.51, matching analyst estimates, but revenue came in below expectations at $3.66 billion versus $4.10 billion forecast. Revenue also fell 3.9% year over year.
- Dividend and outlook: Sempra declared a quarterly dividend of $0.6575 per share, or $2.63 annualized, yielding 2.9%. Wall Street’s consensus rating remains Moderate Buy with an average target price of $102.67.
Sempra Energy (NYSE:SRE - Get Free Report) Director Pablo Ferrero sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $89.53, for a total transaction of $232,778.00. Following the sale, the director owned 15,423 shares of the company's stock, valued at approximately $1,380,821.19. The trade was a 14.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Sempra Energy Trading Up 1.2%
Shares of SRE stock opened at $91.33 on Wednesday. The company has a 50 day moving average of $94.60 and a 200-day moving average of $91.97. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12-month low of $73.06 and a 12-month high of $101.04. The firm has a market cap of $59.70 billion, a P/E ratio of 30.96, a PEG ratio of 3.41 and a beta of 0.60.
Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business posted $1.44 EPS. Sempra Energy's quarterly revenue was down 3.9% 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 4.870-5.370 EPS. Sell-side analysts anticipate that Sempra Energy will post 5.11 earnings per share for the current year.
Sempra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be issued a $0.6575 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.9%. Sempra Energy's dividend payout ratio (DPR) is 89.15%.
Wall Street Analyst Weigh In
SRE has been the subject of several analyst reports. BMO Capital Markets cut their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an "outperform" rating for the company in a report on Monday, May 11th. UBS Group reaffirmed a "neutral" rating and issued a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Barclays reaffirmed an "overweight" rating and issued a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. Truist Financial set a $104.00 price objective on shares of Sempra Energy and gave the stock a "buy" rating in a report on Monday. Finally, Wall Street Zen downgraded shares of Sempra Energy from a "hold" rating to a "sell" rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.67.
Get Our Latest Analysis on Sempra Energy
Institutional Trading of Sempra Energy
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Capital Management Investments LLC raised its position in shares of Sempra Energy by 12.1% during the 1st quarter. Creative Capital Management Investments LLC now owns 1,040 shares of the utilities provider's stock valued at $101,000 after buying an additional 112 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Sempra Energy by 1.7% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,911 shares of the utilities provider's stock valued at $622,000 after buying an additional 113 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Sempra Energy by 1.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 8,587 shares of the utilities provider's stock valued at $773,000 after buying an additional 115 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Sempra Energy by 2.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 5,191 shares of the utilities provider's stock valued at $458,000 after buying an additional 116 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in shares of 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 buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company's stock.
Sempra Energy Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
