Sempra (NYSE:SRE) Given New $99.00 Price Target at Barclays

Sempra (NYSE:SRE) had its price target upped by research analysts at Barclays from $89.00 to $99.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective suggests a potential upside of 7.61% from the stock’s previous close.

A number of other research analysts have also issued reports on SRE. Morgan Stanley boosted their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Bank of America assumed coverage on Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. BMO Capital Markets boosted their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued 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 $89.91.

Sempra Trading Down 0.1 %

Shares of Sempra stock opened at $92.00 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market capitalization of $58.27 billion, a P/E ratio of 20.26, a PEG ratio of 2.53 and a beta of 0.77. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The company’s fifty day moving average is $87.09 and its two-hundred day moving average is $81.53.

Sempra (NYSE:SRE) last announced 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). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. Analysts forecast that Sempra will post 4.77 earnings per share for the current year.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Institutional Trading of Sempra

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Sempra by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock valued at $639,921,000 after purchasing an additional 129,891 shares in the last quarter. Synovus Financial Corp increased its position in shares of Sempra by 5.9% during the third quarter. Synovus Financial Corp now owns 6,846 shares of the utilities provider’s stock worth $573,000 after acquiring an additional 383 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of Sempra in the third quarter worth about $1,338,000. Wilmington Savings Fund Society FSB purchased a new position in Sempra in the third quarter valued at about $380,000. Finally, World Investment Advisors LLC purchased a new stake in Sempra during the 3rd quarter worth approximately $6,029,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Company Profile

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.