Sempra Energy (NYSE:SRE) Reaches New 52-Week Low - Here's What Happened

Key Points

• Sempra Energy shares hit a new 52-week low of $76.66 and were last trading around $76.85, below their 50-day and 200-day moving averages.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $101.69, despite several recent target-price reductions.
• Sempra exceeded quarterly EPS expectations, reporting $1.16 versus the $1.01 consensus estimate, and announced a quarterly dividend of $0.6575, representing a 3.4% annualized yield.

Sempra Energy (NYSE:SRE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $76.66 and last traded at $76.8480, with a volume of 4410325 shares changing hands. The stock had previously closed at $77.93.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen upgraded Sempra Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Mizuho reiterated a "neutral" rating and set a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a research report on Monday, August 31st. Jefferies Financial Group raised shares of Sempra Energy from a "hold" rating to a "buy" rating and cut their target price for the company from $101.00 to $97.00 in a research note on Tuesday, September 1st. Truist Financial set a $96.00 price target on shares of Sempra Energy and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley dropped their price objective on shares of Sempra Energy from $104.00 to $100.00 and set an "overweight" rating for the company in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy has an average rating of "Moderate Buy" and an average price target of $101.69.

Sempra Energy Trading Down 1.4%

The company's 50 day simple moving average is $85.00 and its 200-day simple moving average is $90.42. The firm has a market cap of $50.25 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.15 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 (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company's revenue for the quarter 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 predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be paid a $0.6575 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.4%. Sempra Energy's dividend payout ratio (DPR) is presently 76.23%.

Institutional Trading of Sempra Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pure Financial Advisors LLC purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $4,555,000. Carnegie Investment Counsel increased its holdings in shares of Sempra Energy by 15.5% during 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 in the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Sempra Energy by 4.2% during the 1st 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. Dockside LLC acquired a new position in shares of Sempra Energy in the 4th quarter valued at $3,938,000. Finally, Bank of America Corp DE boosted its holdings in Sempra Energy by 16.1% during the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider's stock worth $1,009,127,000 after buying an additional 1,441,981 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

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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