Sempra Energy (NYSE:SRE) Reaches New 52-Week Low – Here’s Why

Sempra Energy (NYSE:SRE)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $79.00 and last traded at $79.8040, with a volume of 250236 shares. The stock had previously closed at $80.98.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SRE. Truist Financial set a $96.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a report on Thursday, September 3rd. BMO Capital Markets set a $102.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Mizuho reaffirmed a “neutral” rating and issued a $84.00 price objective (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. Barclays cut their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.69.

Sempra Energy Stock Down 2.1%

The firm has a 50 day simple moving average of $86.16 and a two-hundred day simple moving average of $90.85. The stock has a market capitalization of $51.85 billion, a P/E ratio of 22.97, a PEG ratio of 2.24 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. 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. On average, equities research analysts expect that Sempra Energy will post 5.12 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th will be given a $0.6575 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.63 dividend on an annualized basis and a yield of 3.3%. Sempra Energy’s dividend payout ratio (DPR) is currently 76.23%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SRE. Anchor Investment Management LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter valued at $26,000. Core Capital Management & Research inc. bought a new position in Sempra Energy in the second quarter valued at about $250,000. Sequoia Financial Advisors LLC boosted its stake in shares of Sempra Energy by 1.3% during the second quarter. Sequoia Financial Advisors LLC now owns 62,622 shares of the utilities provider’s stock valued at $5,806,000 after purchasing an additional 813 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Sempra Energy by 86.5% during the second quarter. Tidal Investments LLC now owns 80,245 shares of the utilities provider’s stock valued at $7,440,000 after purchasing an additional 37,212 shares in the last quarter. Finally, Van Hulzen Asset Management LLC grew its holdings in shares of Sempra Energy by 3.5% during the second quarter. Van Hulzen Asset Management LLC now owns 10,550 shares of the utilities provider’s stock worth $978,000 after purchasing an additional 354 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

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.