Shares of Sempra (NYSE:SRE – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $85.00.
Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. BMO Capital Markets lifted their price target on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Bank of America initiated coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. LADENBURG THALM/SH SH decreased their price objective on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Finally, Morgan Stanley boosted their target price on Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd.
Check Out Our Latest Stock Report on Sempra
Institutional Investors Weigh In On Sempra
Sempra Stock Down 1.2 %
Shares of Sempra stock opened at $83.02 on Friday. The business has a fifty day simple moving average of $80.69 and a 200 day simple moving average of $76.14. The stock has a market cap of $52.31 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. Sempra has a 12 month low of $63.75 and a 12 month high of $84.38.
Sempra (NYSE:SRE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) 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 period last year, the firm earned $0.94 EPS. Sempra’s quarterly revenue was down 9.7% on a year-over-year basis. Research analysts predict that Sempra will post 4.79 EPS for the current year.
Sempra Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is currently 54.99%.
About Sempra
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.
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