Sempra (NYSE:SRE) Issues FY 2022 Earnings Guidance

Sempra (NYSE:SREGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $8.10-$8.70 for the period, compared to the consensus estimate of $8.50. The company issued revenue guidance of -.Sempra also updated its FY 2023 guidance to $8.60-$9.20 EPS.

Several equities research analysts have commented on SRE shares. Mizuho boosted their target price on Sempra from $148.00 to $174.00 and gave the company a buy rating in a research note on Wednesday, March 30th. Citigroup lifted their target price on shares of Sempra from $142.00 to $171.00 in a report on Thursday, April 28th. Morgan Stanley reduced their target price on shares of Sempra from $168.00 to $164.00 and set an equal weight rating for the company in a report on Monday. Royal Bank of Canada boosted their price objective on shares of Sempra from $158.00 to $178.00 and gave the company an outperform rating in a report on Wednesday, April 13th. Finally, Credit Suisse Group assumed coverage on shares of Sempra in a report on Monday, April 25th. They issued an outperform rating and a $180.00 price objective for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $159.50.

SRE traded up $0.63 during trading on Wednesday, reaching $166.74. The stock had a trading volume of 1,326,616 shares, compared to its average volume of 1,719,848. The stock’s 50 day moving average is $164.24 and its two-hundred day moving average is $144.48. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $52.41 billion, a price-to-earnings ratio of 52.60, a P/E/G ratio of 3.39 and a beta of 0.62. Sempra has a one year low of $119.56 and a one year high of $173.28.

Sempra (NYSE:SREGet Rating) last released its quarterly earnings data on Thursday, May 5th. The utilities provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.86 by $0.05. Sempra had a return on equity of 10.96% and a net margin of 8.44%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm posted $2.95 earnings per share. Sempra’s revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts predict that Sempra will post 8.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, July 7th will be issued a dividend of $1.145 per share. The ex-dividend date is Wednesday, July 6th. This represents a $4.58 dividend on an annualized basis and a yield of 2.75%. Sempra’s dividend payout ratio is currently 144.48%.

In other news, CAO Peter R. Wall sold 2,559 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $144.45, for a total value of $369,647.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey W. Martin sold 30,796 shares of the business’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $162.23, for a total transaction of $4,996,035.08. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SRE. Toroso Investments LLC increased its position in shares of Sempra by 42.4% during the first quarter. Toroso Investments LLC now owns 5,641 shares of the utilities provider’s stock worth $948,000 after purchasing an additional 1,680 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Sempra by 54.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 8,516 shares of the utilities provider’s stock valued at $1,432,000 after acquiring an additional 2,999 shares during the period. Wealthfront Advisers LLC increased its position in shares of Sempra by 5.8% in the 1st quarter. Wealthfront Advisers LLC now owns 9,962 shares of the utilities provider’s stock valued at $1,675,000 after acquiring an additional 546 shares during the period. Continuum Advisory LLC acquired a new position in shares of Sempra in the 1st quarter valued at $532,000. Finally, Virtu Financial LLC acquired a new position in shares of Sempra in the 1st quarter valued at $471,000. Institutional investors own 86.06% of the company’s stock.

Sempra Company Profile (Get Rating)

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.

See Also

Earnings History and Estimates for Sempra (NYSE:SRE)

Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.