Sempra Energy (NYSE:SRE) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Key Points

• JPMorgan cut Sempra Energy’s price target from $102 to $99 while maintaining an “overweight” rating, implying 21.58% upside from the prior close.
• Analyst sentiment remains positive overall, with MarketBeat reporting an average “Moderate Buy” rating and a consensus price target of $98.77.
• Sempra shares rose 0.1% to $81.42, while the company’s latest quarterly results beat EPS expectations ($1.16 versus $1.01) despite revenue coming in below estimates.

Sempra Energy (NYSE:SRE - Get Free Report) had its target price lowered by analysts at JPMorgan Chase & Co. from $102.00 to $99.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 21.58% from the stock's previous close.

SRE has been the topic of several other reports. Scotiabank initiated coverage on Sempra Energy in a research report on Tuesday, September 29th. They set a "sector perform" rating and a $83.00 price objective on the stock. BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Mizuho reaffirmed a "neutral" rating and issued a $84.00 target price (down from $104.00) on shares of Sempra Energy in a research report on Monday, August 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a research report on Friday, July 17th. Finally, Truist Financial set a $96.00 price objective on Sempra Energy and gave the stock a "buy" rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $98.77.

Sempra Energy Stock Up 0.1%

Shares of SRE traded up $0.09 during trading hours on Monday, hitting $81.42. The stock had a trading volume of 560,436 shares, compared to its average volume of 3,746,156. The firm has a market capitalization of $53.24 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. Sempra Energy has a 1-year low of $76.21 and a 1-year high of $101.04. The firm has a 50 day simple moving average of $82.86 and a 200-day simple moving average of $89.45.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. 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. Sell-side analysts predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Sempra Energy

Large investors have recently bought and sold shares of the stock. Pure Financial Advisors LLC acquired a new position in Sempra Energy during the second quarter worth $4,555,000. Carnegie Investment Counsel lifted its stake in Sempra Energy by 15.5% in the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider's stock valued at $16,265,000 after purchasing an additional 22,408 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in shares of Sempra Energy by 4.2% during the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider's stock valued at $219,446,000 after purchasing an additional 91,519 shares in the last quarter. Bank of America Corp DE increased its holdings in Sempra Energy by 16.1% in the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider's stock valued at $1,009,127,000 after purchasing an additional 1,441,981 shares during the period. Finally, Swiss National Bank raised its holdings in Sempra Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider's stock worth $186,119,000 after purchasing an additional 127,400 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company's stock.

About Sempra Energy

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates infrastructure that supports the delivery of electricity and natural gas, with operations focused primarily on North America.

Sempra's principal businesses include regulated utilities and infrastructure development. Its California utilities, San Diego Gas & Electric and Southern California Gas, provide electric and natural gas services to customers in Southern California.

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