Sempra Energy (NYSE:SRE) Stock Price Target Cut by JPMorgan Chase & Co.

Sempra Energy (NYSE:SRE) had its target price decreased by research analysts at JPMorgan Chase & Co. from $102.00 to $99.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.20% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $101.00 to $97.00 in a report on Tuesday, September 1st. Mizuho restated a “neutral” rating and set a $84.00 target price (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. TD Cowen assumed coverage on Sempra Energy in a report on Wednesday, July 8th. They set a “buy” rating on the stock. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.14.

Sempra Energy Trading Up 0.6%

NYSE:SRE opened at $82.37 on Monday. The company has a market capitalization of $53.86 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.26 and a beta of 0.55. The stock’s 50 day moving average price is $82.65 and its 200 day moving average price is $89.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64. Sempra Energy has a 52 week low of $76.21 and a 52 week high of $101.04.

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, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. 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, research analysts forecast that Sempra Energy will post 5.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SRE. Pure Financial Advisors LLC bought a new stake in shares of Sempra Energy during the second quarter worth $4,555,000. Carnegie Investment Counsel raised its holdings in shares of Sempra Energy by 15.5% in the first quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after buying an additional 22,408 shares during the last quarter. Magellan Asset Management Ltd raised its holdings in shares of Sempra Energy by 4.2% in the first quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock valued at $219,446,000 after buying an additional 91,519 shares during the last quarter. Bank of America Corp DE lifted its position in Sempra Energy by 16.1% during the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after buying an additional 1,441,981 shares in the last quarter. Finally, Swiss National Bank lifted its position in Sempra Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider’s stock worth $186,119,000 after buying an additional 127,400 shares in 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 infrastructure that supports the delivery of electricity and natural gas, with operations focused primarily on North America.

Sempra’s principal businesses include regulated utilities and infrastructure development. Its California utilities, San Diego Gas & Electric and Southern California Gas, provide electric and natural gas services to customers in Southern California.