FY2025 Earnings Forecast for Sempra Energy Issued By KeyCorp

Key Points

• KeyCorp has revised its FY2025 earnings per share estimate for Sempra Energy from $5.18 to $4.53, indicating a significant downward adjustment in expected earnings.
• A number of analysts have issued mixed ratings on Sempra Energy, with Mizuho and BMO Capital Markets raising their price targets, while the overall consensus remains at a "Hold" rating.
• Sempra Energy recently declared a quarterly dividend of $0.645 per share, resulting in an annualized dividend yield of 2.8% and a payout ratio of 62.32%.

Sempra Energy (NYSE:SRE - Free Report) - Analysts at KeyCorp cut their FY2025 earnings per share (EPS) estimates for Sempra Energy in a note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $4.53 for the year, down from their prior forecast of $5.18. The consensus estimate for Sempra Energy's current full-year earnings is $4.76 per share. KeyCorp also issued estimates for Sempra Energy's FY2026 earnings at $5.02 EPS, FY2027 earnings at $5.37 EPS and FY2028 earnings at $5.79 EPS.

Other research analysts have also issued research reports about the company. Mizuho boosted their target price on Sempra Energy from $86.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sempra Energy in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price target on shares of Sempra Energy from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. Evercore ISI set a $105.00 price objective on shares of Sempra Energy and gave the stock an "outperform" rating in a research note on Monday, October 6th. Finally, Citigroup reissued a "neutral" rating and issued a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Sempra Energy currently has an average rating of "Hold" and a consensus price target of $86.09.

Sempra Energy Price Performance

NYSE:SRE opened at $91.26 on Monday. The firm has a market capitalization of $59.54 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.81 and a beta of 0.66. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The business has a 50 day simple moving average of $85.25 and a 200-day simple moving average of $78.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share.

Institutional Investors Weigh In On Sempra Energy

A number of large investors have recently made changes to their positions in SRE. Vanguard Group Inc. boosted its holdings in Sempra Energy by 3.3% in the second quarter. Vanguard Group Inc. now owns 66,328,942 shares of the utilities provider's stock valued at $5,025,777,000 after purchasing an additional 2,090,840 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Sempra Energy by 26.8% in the first quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider's stock valued at $3,474,236,000 after purchasing an additional 10,278,893 shares during the last quarter. State Street Corp boosted its holdings in Sempra Energy by 3.7% in the second quarter. State Street Corp now owns 34,380,068 shares of the utilities provider's stock valued at $2,626,827,000 after purchasing an additional 1,214,931 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Sempra Energy by 3.9% in the second quarter. Geode Capital Management LLC now owns 14,036,572 shares of the utilities provider's stock valued at $1,058,214,000 after purchasing an additional 525,750 shares during the last quarter. Finally, Newport Trust Company LLC boosted its holdings in Sempra Energy by 0.3% in the first quarter. Newport Trust Company LLC now owns 13,331,160 shares of the utilities provider's stock valued at $951,312,000 after purchasing an additional 41,104 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kevin C. Sagara sold 14,433 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $89.50, for a total transaction of $1,291,753.50. Following the sale, the director directly owned 1,042 shares of the company's stock, valued at $93,259. The trade was a 93.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Caroline Ann Winn sold 5,114 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the sale, the executive vice president directly owned 39,380 shares in the company, valued at $3,229,553.80. This trade represents a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,987 shares of company stock valued at $4,267,870 over the last ninety days. 0.27% of the stock is currently owned by insiders.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.645 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. Sempra Energy's payout ratio is 62.32%.

Sempra Energy Company Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.

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