Sempra (NYSE:SRE) Price Target Increased to $93.00 by Analysts at BMO Capital Markets

Sempra (NYSE:SRE) had its price objective increased by research analysts at BMO Capital Markets from $90.00 to $93.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 14.29% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Morgan Stanley lifted their price objective on shares of Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Mizuho lifted their price objective on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI lifted their price objective on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays lifted their price objective on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, LADENBURG THALM/SH SH decreased their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.18.

Sempra Price Performance

Shares of SRE opened at $81.37 on Thursday. The company has a market cap of $51.27 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.75. Sempra has a twelve month low of $63.75 and a twelve month high of $84.28. 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 50 day moving average of $79.42 and a two-hundred day moving average of $75.32.

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

Insider Buying and Selling at Sempra

In other Sempra news, CAO Peter R. Wall sold 6,100 shares of Sempra stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the transaction, the chief accounting officer now owns 14,751 shares of the company’s stock, valued at $1,107,357.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC increased its stake in shares of Sempra by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 134 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in shares of Sempra by 2.8% during the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after purchasing an additional 136 shares in the last quarter. Marcum Wealth LLC increased its stake in shares of Sempra by 3.5% during the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 137 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of Sempra by 3.4% during the first quarter. Premier Path Wealth Partners LLC now owns 4,335 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 142 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Sempra by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock worth $2,854,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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.