Sempra (NYSE:SRE) Given New $95.00 Price Target at Barclays

Sempra (NYSE:SRE) had its price objective reduced by equities research analysts at Barclays from $99.00 to $95.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price points to a potential upside of 14.77% from the company’s previous close.

Several other equities research analysts also recently commented on SRE. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. Evercore ISI lifted their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets increased their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Sempra has an average rating of “Moderate Buy” and a consensus price target of $91.20.

Sempra Stock Down 0.0 %

SRE stock opened at $82.78 on Monday. The firm has a 50-day moving average price of $87.72 and a 200-day moving average price of $84.22. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $52.43 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Sempra (NYSE:SRE) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, equities research analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.

Insider Activity at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Sempra

Several institutional investors and hedge funds have recently made changes to their positions in the company. Unigestion Holding SA purchased a new stake in Sempra in the 3rd quarter valued at about $33,023,000. JPMorgan Chase & Co. increased its position in shares of Sempra by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock valued at $286,695,000 after acquiring an additional 278,183 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Sempra by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after acquiring an additional 6,709 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Sempra in the 3rd quarter valued at $675,000. Finally, Sanctuary Advisors LLC increased its position in shares of Sempra by 14.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 190,714 shares of the utilities provider’s stock valued at $15,949,000 after purchasing an additional 23,970 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

About Sempra

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.