Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles. Its Southern California Gas Company segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas to a population of approximately 22 million covering an area of 24,000 square miles. The company's Sempra Texas Utilities segment engages in the regulated transmission and distribution of electricity serving 3.8 million homes and businesses, and operation of 140,000 miles of transmission and distribution lines. Its transmission system includes 18,249 circuit miles of transmission lines, a total of 1,174 transmission and distribution substations, and interconnection to 130 third-party generation facilities totaling 45,403 megawatts. The company was formerly known as Sempra Energy and changed its name to Sempra in July 2021. Sempra was founded in 1998 and is headquartered in San Diego, California.
Analyst Ratings Changes
SRE has been the subject of several analyst reports. Citigroup increased their target price on Sempra from $142.00 to $171.00 in a report on Thursday, April 28th. Bank of America raised shares of Sempra from a "neutral" rating to a "buy" rating in a research note on Thursday, July 14th. Morgan Stanley increased their price target on shares of Sempra from $152.00 to $160.00 and gave the company an "equal weight" rating in a research report on Thursday, July 21st. Credit Suisse Group began coverage on shares of Sempra in a report on Monday, April 25th. They issued an "outperform" rating and a $180.00 price target on the stock. Finally, The Goldman Sachs Group raised shares of Sempra from a "neutral" rating to a "buy" rating and upped their price objective for the company from $164.00 to $167.00 in a research note on Wednesday, July 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $166.22.
Sempra Trading Up 1.5 %
SRE Stock traded up $2.48 during trading on Friday, reaching $166.37. The company had a trading volume of 791,665 shares, compared to its average volume of 1,448,867. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.73. Sempra has a 52 week low of $119.56 and a 52 week high of $173.28. The business has a 50 day moving average of $153.50 and a 200 day moving average of $154.91. The company has a market cap of $52.29 billion, a P/E ratio of 46.60, a PEG ratio of 3.31 and a beta of 0.67.
Sempra (NYSE:SRE - Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.23. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3 billion. Sempra had a return on equity of 11.01% and a net margin of 8.84%. The firm's revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. As a group, sell-side analysts forecast that Sempra will post 8.6 earnings per share for the current fiscal year.