Sempra Energy (NYSE:SRE) Price Target Cut to $103.00 by Analysts at Barclays

Sempra Energy (NYSE:SRE) had its target price lowered by Barclays from $105.00 to $103.00 in a report issued on Thursday morning, Marketbeat.com reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Several other equities analysts have also commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. JPMorgan Chase & Co. raised their target price on Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. BMO Capital Markets cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $105.00 price objective on shares of Sempra Energy in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.15.

Sempra Energy Price Performance

Sempra Energy stock opened at $94.56 on Thursday. Sempra Energy has a 12-month low of $73.83 and a 12-month high of $101.04. The stock has a market cap of $61.81 billion, a P/E ratio of 32.05, a PEG ratio of 2.30 and a beta of 0.56. The company has a 50-day moving average price of $91.92 and a 200 day moving average price of $92.12. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $1.51 earnings per share for the quarter, hitting the consensus estimate of $1.51. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a yield of 2.8%. Sempra Energy’s dividend payout ratio is presently 89.15%.

Insider Transactions at Sempra Energy

In other Sempra Energy news, Director Pablo Ferrero sold 2,600 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $89.53, for a total value of $232,778.00. Following the completion of the transaction, the director owned 15,423 shares in the company, valued at approximately $1,380,821.19. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,900 shares of company stock worth $1,261,207. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Sempra Energy

A number of large investors have recently added to or reduced their stakes in the business. Peak Financial Advisors LLC increased its position in Sempra Energy by 190.1% in the 4th quarter. Peak Financial Advisors LLC now owns 26,552 shares of the utilities provider’s stock valued at $2,344,000 after acquiring an additional 17,400 shares during the period. Duff & Phelps Investment Management Co. increased its stake in Sempra Energy by 5.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,143,205 shares of the utilities provider’s stock valued at $192,846,000 after buying an additional 106,380 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sempra Energy by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock valued at $142,702,000 after buying an additional 74,749 shares during the period. Tounjian Advisory Partners LLC bought a new stake in shares of Sempra Energy during the 4th quarter worth about $1,375,000. Finally, Aventail Capital Group LP raised its position in shares of Sempra Energy by 50.5% during the 3rd quarter. Aventail Capital Group LP now owns 394,498 shares of the utilities provider’s stock worth $35,497,000 after buying an additional 132,302 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

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.