Morgan Stanley Lowers Sempra Energy (NYSE:SRE) Price Target to $100.00

Key Points

• Morgan Stanley lowered Sempra Energy’s price target to $100 from $104 while maintaining an “overweight” rating, implying 22.69% upside from the prior close.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $101.69; recent ratings included upgrades from Jefferies and Wall Street Zen.
• Sempra shares traded at $81.50, near their 52-week low, after the company reported quarterly EPS of $1.16—above the $1.01 consensus estimate—despite slightly lower year-over-year revenue.

Sempra Energy (NYSE:SRE - Get Free Report) had its price target decreased by analysts at Morgan Stanley from $104.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Morgan Stanley's price target indicates a potential upside of 22.69% from the company's previous close.

Several other brokerages also recently commented on SRE. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Jefferies Financial Group upgraded shares of Sempra Energy from a "hold" rating to a "buy" rating and cut their price target for the company from $101.00 to $97.00 in a report on Tuesday, September 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sempra Energy from $113.00 to $102.00 and set an "overweight" rating for the company in a report on Wednesday, September 2nd. One equities research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.69.

Sempra Energy Price Performance

NYSE:SRE traded down $0.68 during midday trading on Friday, hitting $81.50. The company had a trading volume of 1,537,949 shares, compared to its average volume of 3,765,188. The company has a market capitalization of $53.30 billion, a PE ratio of 23.62, a P/E/G ratio of 2.26 and a beta of 0.55. 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 52-week low of $79.59 and a 52-week high of $101.04. The stock's fifty day moving average price is $86.92 and its 200-day moving average price is $91.15.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business's revenue was down .1% on a year-over-year basis. 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, research analysts expect that Sempra Energy will post 5.13 earnings per share for the current year.

Institutional Trading of Sempra Energy

Several institutional investors have recently made changes to their positions in the business. Bell Investment Advisors Inc lifted its stake in shares of Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Sempra Energy in the second quarter worth $25,000. Anchor Investment Management LLC purchased a new position in Sempra Energy during the second quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Sempra Energy during the second quarter valued at $27,000. Finally, Silvant Capital Management LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at $28,000. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.