Sempra Energy (NYSE:SRE) Now Covered by Analysts at HSBC

Equities research analysts at HSBC initiated coverage on shares of Sempra Energy (NYSE:SRE) in a report issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $97.50 price target on the utilities provider’s stock. HSBC’s price target would suggest a potential upside of 16.58% from the stock’s current price.

Several other research analysts also recently commented on the company. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Mizuho reiterated a “neutral” rating and issued a $84.00 target price (down from $104.00) on shares of Sempra Energy in a report on Monday, August 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Thursday, October 15th. TD Cowen began coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating on the stock. Finally, BTIG Research set a $100.00 price objective on Sempra Energy in a report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Price Performance

Sempra Energy stock opened at $83.63 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62. The stock has a market cap of $54.69 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.28 and a beta of 0.55. The firm has a 50-day moving average of $82.38 and a two-hundred day moving average of $88.66. Sempra Energy has a 1 year low of $76.21 and a 1 year high of $101.04.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. 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 5.13 earnings per share for the current year.

Institutional Investors Weigh In On Sempra Energy

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Sempra Energy in the second quarter valued at about $5,588,577,000. ABS Investment Management LLC purchased a new stake in shares of Sempra Energy during the second quarter valued at about $5,377,180,000. Bank of America Corp DE boosted its holdings in shares of Sempra Energy by 16.1% in the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock valued at $1,009,127,000 after buying an additional 1,441,981 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Sempra Energy in the 2nd quarter valued at about $896,599,000. Finally, Legal & General Group Plc purchased a new position in shares of Sempra Energy in the 2nd quarter worth approximately $538,775,000. Institutional investors own 89.65% of the company’s stock.

About Sempra Energy

Sempra is an energy infrastructure company headquartered in San Diego, California. Through its regulated utility businesses, the company provides natural gas and electric service to customers in California, including through Southern California Gas Company and San Diego Gas & Electric Company.

Sempra also develops, owns, and operates energy infrastructure in North America. Its activities include natural gas pipelines and storage, liquefied natural gas infrastructure, renewable energy and battery storage projects, and electric transmission and distribution assets.