Morgan Stanley Cuts Sempra Energy (NYSE:SRE) Price Target to $104.00

Sempra Energy (NYSE:SRE) had its price target lowered by Morgan Stanley from $108.00 to $104.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

SRE has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen assumed coverage on shares of Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. Finally, Truist Financial set a $100.00 price objective on Sempra Energy and gave the stock a “buy” rating in a report on Thursday, August 13th. One 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.62.

Sempra Energy Stock Performance

Shares of NYSE:SRE opened at $82.87 on Friday. The business has a fifty day moving average of $90.31 and a 200-day moving average of $92.23. 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 twelve month low of $78.97 and a twelve month high of $101.04. The firm has a market cap of $54.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last issued its quarterly 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. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm’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 predict that Sempra Energy will post 5.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Sempra Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Carnegie Investment Counsel raised its position in Sempra Energy by 15.5% in the 1st 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. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Sempra Energy by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock worth $142,702,000 after acquiring an additional 74,749 shares in the last quarter. Dockside LLC acquired a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $3,938,000. 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 purchasing an additional 91,519 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $3,289,000. 89.65% of the stock is owned by institutional investors.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.