Sempra (NYSE:SRE) Updates FY22 Earnings Guidance

Sempra (NYSE:SREGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided EPS guidance of $8.10-8.70 for the period, compared to the consensus EPS estimate of $8.55. Sempra also updated its FY 2022 guidance to $8.10-$8.70 EPS.

Sempra Price Performance

Shares of Sempra stock traded down $1.65 during trading on Friday, hitting $159.79. 1,857,077 shares of the company were exchanged, compared to its average volume of 1,472,363. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. Sempra has a fifty-two week low of $119.56 and a fifty-two week high of $173.28. The stock has a market capitalization of $50.22 billion, a price-to-earnings ratio of 44.76, a P/E/G ratio of 3.29 and a beta of 0.67. The firm has a 50 day moving average price of $153.50 and a 200 day moving average price of $153.89.

Sempra (NYSE:SREGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.23. Sempra had a return on equity of 10.92% and a net margin of 8.84%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 29.4% compared to the same quarter last year. On average, equities analysts expect that Sempra will post 8.51 earnings per share for the current fiscal year.

Sempra Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, July 7th were issued a $1.145 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $4.58 annualized dividend and a yield of 2.87%. Sempra’s dividend payout ratio (DPR) is presently 128.29%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded Sempra from a neutral rating to a buy rating and boosted their price target for the company from $164.00 to $167.00 in a report on Wednesday, July 6th. Credit Suisse Group started coverage on Sempra in a report on Monday, April 25th. They set an outperform rating and a $180.00 price objective for the company. Bank of America upgraded Sempra from a neutral rating to a buy rating in a report on Thursday, July 14th. Barclays cut their price objective on Sempra from $186.00 to $176.00 and set an overweight rating on the stock in a research report on Monday, July 18th. Finally, Citigroup raised their price objective on Sempra from $142.00 to $171.00 in a research report on Thursday, April 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $166.22.

Institutional Trading of Sempra

Several large investors have recently modified their holdings of SRE. ClearBridge Investments Ltd acquired a new stake in shares of Sempra during the first quarter valued at about $130,223,000. Invesco Ltd. grew its stake in Sempra by 22.2% in the first quarter. Invesco Ltd. now owns 2,287,516 shares of the utilities provider’s stock worth $384,577,000 after purchasing an additional 416,022 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sempra by 13.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,756,164 shares of the utilities provider’s stock worth $295,246,000 after purchasing an additional 201,853 shares in the last quarter. Bridgewater Associates LP grew its stake in Sempra by 465.7% in the first quarter. Bridgewater Associates LP now owns 86,098 shares of the utilities provider’s stock worth $14,475,000 after purchasing an additional 70,879 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Sempra by 84.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 115,670 shares of the utilities provider’s stock worth $19,446,000 after purchasing an additional 53,100 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Sempra Company Profile

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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.

Further Reading

Earnings History and Estimates for Sempra (NYSE:SRE)

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