Sempra (NYSE:SRE) Announces Earnings Results

Sempra (NYSE:SRE) released its quarterly earnings data on Tuesday. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03, Briefing.com reports. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the business posted $1.13 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Sempra updated its FY25 guidance to $4.30-4.70 EPS.

Sempra Price Performance

SRE opened at $87.20 on Tuesday. The firm has a market cap of $55.23 billion, a PE ratio of 19.21, a P/E/G ratio of 2.19 and a beta of 0.78. The stock has a 50-day moving average price of $84.29 and a 200-day moving average price of $84.98. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Sempra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 20th will be paid a $0.645 dividend. This is a boost from Sempra’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.96%. Sempra’s dividend payout ratio is currently 54.63%.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of research analyst reports. Evercore ISI raised their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays cut their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sempra currently has an average rating of “Buy” and an average target price of $91.20.

Insider Activity at Sempra

In related news, SVP Alexander Lisa Larroque sold 2,755 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the completion of the transaction, the senior vice president now directly owns 13,905 shares in the company, valued at $1,139,236.65. The trade was a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

About Sempra

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.