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

Key Points

• JPMorgan lowered Sempra Energy’s price target from $113 to $102 while maintaining an “overweight” rating, implying roughly 21% upside from the stock’s reported $84.22 price.
• Analyst sentiment remains generally positive: Sempra has a consensus “Moderate Buy” rating and an average price target of $102.31, despite mixed individual target revisions.
• Sempra’s latest quarterly results exceeded expectations on earnings, reporting $1.16 in EPS versus the $1.01 consensus estimate, while revenue of $3 billion fell short of forecasts.

Sempra Energy (NYSE:SRE - Get Free Report) had its price target lowered by analysts at JPMorgan Chase & Co. from $113.00 to $102.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 21.12% from the company's current price.

Several other analysts have also commented on SRE. Morgan Stanley lowered 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 restated a "hold (c+)" rating on shares of Sempra Energy in a research note on Friday, July 17th. Wall Street Zen raised Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Jefferies Financial Group upgraded Sempra Energy from a "hold" rating to a "buy" rating and reduced their price target for the company from $101.00 to $97.00 in a report on Tuesday. Finally, TD Cowen started coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $102.31.

Sempra Energy Trading Down 0.1%

Shares of SRE traded down $0.04 during mid-day trading on Wednesday, hitting $84.22. 2,922,623 shares of the company's stock traded hands, compared to its average volume of 3,791,028. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Sempra Energy has a 1 year low of $78.97 and a 1 year high of $101.04. The firm has a market capitalization of $55.07 billion, a P/E ratio of 24.40, a PEG ratio of 1.96 and a beta of 0.56. The business's 50-day moving average price is $89.31 and its 200-day moving average price is $92.03.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm's revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. 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. As a group, sell-side analysts forecast that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bell Investment Advisors Inc raised its position in Sempra Energy by 79.5% in 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 during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Sempra Energy in the second quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Sempra Energy during the second quarter valued at approximately $27,000. Silvant Capital Management LLC bought a new position in Sempra Energy during the second quarter valued at approximately $28,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Sempra Energy by 57.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 127 shares during the period. 89.65% of the stock is owned by institutional investors.

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.

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