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.
Wall Street Analyst Weigh In
Several brokerages have recently commented on SRE. Barclays reduced their target price on Sempra from $186.00 to $176.00 and set an "overweight" rating for the company in a research note on Monday, July 18th. Bank of America raised shares of Sempra from a "neutral" rating to a "buy" rating in a research report on Thursday, July 14th. Morgan Stanley raised 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 research 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 raised their price target for the company from $164.00 to $167.00 in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.22.
Sempra Stock Up 0.3 %
SRE opened at $163.89 on Friday. The company has a fifty day moving average price of $153.36 and a 200-day moving average price of $154.46. The firm has a market capitalization of $51.51 billion, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 3.30 and a beta of 0.67. 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 one year low of $119.56 and a one year high of $173.28.
Sempra (NYSE:SRE - Get Rating) last released its quarterly 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 firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3 billion. Sempra had a net margin of 8.84% and a return on equity of 11.01%. The business's revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. Equities research analysts expect that Sempra will post 8.55 earnings per share for the current fiscal year.