Barclays Has Lowered Expectations for Sempra (NYSE:SRE) Stock Price

Sempra (NYSE:SRE) had its price target dropped by equities researchers at Barclays from $99.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target indicates a potential upside of 14.77% from the company’s current price.

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

Sempra Trading Down 0.0 %

Shares of SRE opened at $82.78 on Monday. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The business has a 50-day moving average of $87.72 and a 200 day moving average of $84.22. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

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

Insider Buying and Selling

In other news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

Institutional Trading of Sempra

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in shares of Sempra by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock worth $731,000 after acquiring an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI raised its holdings in Sempra by 2.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock worth $586,000 after purchasing an additional 155 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Sempra by 0.3% in the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock worth $3,890,000 after purchasing an additional 158 shares in the last quarter. CX Institutional lifted its position in Sempra by 5.5% during the third quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock valued at $258,000 after buying an additional 161 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Sempra by 4.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock valued at $337,000 after buying an additional 163 shares in 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.