JPMorgan Chase & Co. Cuts Sempra Energy (NYSE:SRE) Price Target to $102.00

Sempra Energy (NYSE:SRE) had its price target cut by JPMorgan Chase & Co. from $113.00 to $102.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Several other brokerages have also issued reports on SRE. Mizuho reissued a “neutral” rating and issued a $84.00 price target (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. Morgan Stanley reduced their price objective on shares of Sempra Energy from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Truist Financial set a $100.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, BMO Capital Markets set a $102.00 target price on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy presently has an average rating of “Moderate Buy” and an average price target of $102.00.

Sempra Energy Stock Down 0.8%

NYSE SRE opened at $83.91 on Wednesday. Sempra Energy has a twelve month low of $78.97 and a twelve month high of $101.04. The stock has a market cap of $54.87 billion, a PE ratio of 24.32, a PEG ratio of 2.34 and a beta of 0.55. The firm has a 50-day simple moving average of $88.74 and a 200 day simple moving average of $91.84. 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 (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. 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, research analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.6575 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.1%. Sempra Energy’s dividend payout ratio is presently 76.23%.

Insider Transactions at Sempra Energy

In other Sempra Energy news, EVP Caroline Winn sold 8,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the transaction, the executive vice president owned 25,164 shares in the company, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Sempra Energy

A number of institutional investors have recently made changes to their positions in SRE. Creative Capital Management Investments LLC increased its stake in Sempra Energy by 12.1% in 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 during the last quarter. Bell Investment Advisors Inc lifted its position in Sempra Energy by 79.5% during the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock worth $25,000 after buying an additional 116 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Sempra Energy by 0.4% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,009 shares of the utilities provider’s stock worth $3,091,000 after buying an additional 123 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Sempra Energy by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 3,666 shares of the utilities provider’s stock worth $324,000 after buying an additional 124 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Sempra Energy by 57.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

About Sempra Energy

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.