Sempra Energy (NYSE:SRE) Now Covered by HSBC

Key Points

• HSBC initiated coverage of Sempra Energy with a “buy” rating and a $97.50 price target, implying 16.58% upside from the stock’s $83.63 opening price.
• Analyst sentiment is broadly positive: 14 analysts rate Sempra a Buy and five rate it Hold, producing a “Moderate Buy” consensus and an average price target of $100.53.
• Sempra exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.01 consensus estimate, while institutional investors own 89.65% of the company’s shares.

HSBC initiated coverage on shares of Sempra Energy (NYSE:SRE - Get Free Report) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a "buy" rating and a $97.50 price target on the utilities provider's stock. HSBC's price objective would indicate a potential upside of 16.58% from the stock's current price.

Several other equities research analysts have also recently weighed in on SRE. Barclays restated an "overweight" rating and issued a $90.00 price target (down from $103.00) on shares of Sempra Energy in a research report on Monday, October 12th. Jefferies Financial Group upgraded shares of Sempra Energy from a "hold" rating to a "buy" rating and lowered their price objective for the company from $101.00 to $97.00 in a research report on Tuesday, September 1st. The Goldman Sachs Group lifted their price objective on shares of Sempra Energy from $109.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Finally, LADENBURG THALM/SH SH decreased their target price on shares of Sempra Energy from $98.00 to $89.50 and set a "buy" rating on the stock in a research report on Tuesday, September 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.53.

Sempra Energy Price Performance

NYSE:SRE opened at $83.63 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $54.69 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.28 and a beta of 0.55. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04. The business's 50-day moving average is $82.38 and its 200 day moving average is $88.66.

Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings results 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 business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter last year, the business posted $0.89 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. 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. On average, equities research analysts forecast that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sempra Energy

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Sempra Energy during the second quarter valued at approximately $5,588,577,000. Bank of America Corp DE purchased a new stake in shares of Sempra Energy in the second quarter worth approximately $957,056,000. Deutsche Bank AG bought a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $896,599,000. Legal & General Group Plc bought a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $538,775,000. Finally, Bank of New York Mellon Corp purchased a new position in Sempra Energy during the 2nd quarter valued at $465,202,000. 89.65% of the stock is currently owned by institutional investors.

About Sempra Energy

Sempra is an energy infrastructure company headquartered in San Diego, California. Through its regulated utility businesses, the company provides natural gas and electric service to customers in California, including through Southern California Gas Company and San Diego Gas & Electric Company.

Sempra also develops, owns, and operates energy infrastructure in North America. Its activities include natural gas pipelines and storage, liquefied natural gas infrastructure, renewable energy and battery storage projects, and electric transmission and distribution assets.

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