Sempra Energy (SRE) To Go Ex-Dividend on September 24th

Sempra Energy (NYSE:SRE) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.6575 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, September 24th.

Sempra Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 22 consecutive years. Sempra Energy has a dividend payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sempra Energy to earn $5.52 per share next year, which means the company should continue to be able to cover its $2.63 annual dividend with an expected future payout ratio of 47.6%.

Sempra Energy Price Performance

SRE stock opened at $81.23 on Tuesday. The firm has a 50 day moving average of $86.40 and a 200-day moving average of $90.95. The firm has a market capitalization of $53.12 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.25 and a beta of 0.55. Sempra Energy has a 12 month low of $79.59 and a 12 month high of $101.04. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. As a group, sell-side analysts predict that Sempra Energy will post 5.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SRE has been the subject of several recent analyst reports. Barclays cut their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. TD Cowen started coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating on the stock. Morgan Stanley cut their target price on shares of Sempra Energy from $104.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Sempra Energy from $113.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. Finally, Mizuho reissued a “neutral” rating and set a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.69.

About Sempra Energy

Sempra, formerly known as Sempra Energy, is an energy infrastructure company headquartered in San Diego, California. The company develops, owns and operates energy networks and infrastructure that support the delivery of natural gas and electricity, with operations focused primarily on North America.

Through its California utilities, Southern California Gas Company and San Diego Gas & Electric, Sempra provides natural gas distribution and electric services to residential, commercial and industrial customers.