Sempra (NYSE:SRE) Posts Earnings Results, Beats Expectations By $0.23 EPS

Sempra (NYSE:SREGet Rating) issued its quarterly earnings data on Thursday. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.23, Briefing.com reports. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3 billion. Sempra had a return on equity of 10.92% and a net margin of 8.84%. The firm’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS.

Sempra Stock Down 1.0 %

Sempra stock opened at $159.79 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. Sempra has a 52 week low of $119.56 and a 52 week high of $173.28. The business’s 50-day moving average price is $153.50 and its 200 day moving average price is $153.89. The firm has a market cap of $50.22 billion, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 3.29 and a beta of 0.67.

Sempra Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, July 7th were issued a dividend of $1.145 per share. This represents a $4.58 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, July 6th. Sempra’s dividend payout ratio (DPR) is 128.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group upgraded Sempra from a “neutral” rating to a “buy” rating and increased their price target for the company from $164.00 to $167.00 in a research note on Wednesday, July 6th. Morgan Stanley increased their price target on Sempra from $152.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. Credit Suisse Group assumed coverage on Sempra in a research note on Monday, April 25th. They issued an “outperform” rating and a $180.00 price target for the company. Bank of America upgraded Sempra from a “neutral” rating to a “buy” rating in a research note on Thursday, July 14th. Finally, Barclays cut their price objective on Sempra from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.22.

Institutional Trading of Sempra

Institutional investors have recently bought and sold shares of the business. Delphia USA Inc. acquired a new stake in Sempra in the first quarter valued at approximately $211,000. Fort Point Capital Partners LLC acquired a new stake in Sempra in the first quarter valued at approximately $212,000. Evercore Wealth Management LLC purchased a new position in shares of Sempra in the first quarter valued at approximately $236,000. Lido Advisors LLC purchased a new position in shares of Sempra in the first quarter valued at approximately $258,000. Finally, KC Investment Advisors LLC purchased a new position in shares of Sempra in the first quarter valued at approximately $262,000. 86.06% of the stock is owned by institutional investors and hedge funds.

About Sempra

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Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

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Earnings History for Sempra (NYSE:SRE)

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