Sempra Energy (NYSE:SRE) Reaches New 1-Year Low – Here’s What Happened

Sempra Energy (NYSE:SRE) reached a new 52-week low on Wednesday. The stock traded as low as $79.00 and last traded at $79.8040, with a volume of 250236 shares trading hands. The stock had previously closed at $80.98.

Analysts Set New Price Targets

Several analysts have weighed in on SRE shares. TD Cowen initiated coverage on Sempra Energy in a report on Wednesday, July 8th. They issued a “buy” rating on the stock. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays lowered their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Truist Financial set a $96.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley cut their target price on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.69.

Sempra Energy Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The company has a 50-day moving average price of $85.57 and a 200-day moving average price of $90.64. The firm has a market capitalization of $50.80 billion, a PE ratio of 22.52, a P/E/G ratio of 2.24 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.89 EPS. The firm’s quarterly 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. Sell-side analysts forecast that Sempra Energy will post 5.12 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th will be given a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 24th. Sempra Energy’s payout ratio is currently 76.23%.

Institutional Trading of Sempra Energy

A number of hedge funds have recently bought and sold shares of SRE. BlackRock Inc. purchased a new position in shares of Sempra Energy during the 2nd quarter worth $5,588,577,000. Geode Capital Management LLC increased its stake in Sempra Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after purchasing an additional 116,554 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sempra Energy by 16.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock valued at $1,073,918,000 after purchasing an additional 1,735,516 shares during the last quarter. Bank of America Corp DE lifted its position in Sempra Energy by 16.1% during the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after buying an additional 1,441,981 shares during the period. Finally, Norges Bank purchased a new position in Sempra Energy during the fourth quarter worth about $914,924,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

About Sempra Energy

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.