Sempra (NYSE:SRE) Releases FY25 Earnings Guidance

Sempra (NYSE:SRE) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.90-5.25 for the period, compared to the consensus estimate of $5.16. Sempra also updated its FY24 guidance to $4.60-4.90 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BMO Capital Markets upgraded Sempra from a market perform rating to an outperform rating and lifted their target price for the stock from $76.00 to $84.00 in a research note on Thursday, January 11th. Royal Bank of Canada reiterated an outperform rating and issued a $82.00 target price on shares of Sempra in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on Sempra from $79.00 to $84.00 and gave the company an overweight rating in a research note on Wednesday. Barclays increased their target price on shares of Sempra from $77.00 to $79.00 and gave the stock an overweight rating in a research note on Thursday, March 14th. Finally, Morgan Stanley lifted their price target on Sempra from $74.00 to $75.00 and gave the company an equal weight rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Sempra currently has an average rating of Moderate Buy and an average price target of $82.23.

Sempra Stock Up 1.3 %

Shares of NYSE:SRE opened at $76.18 on Friday. Sempra has a 12-month low of $63.75 and a 12-month high of $78.70. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $70.84 and its 200-day moving average price is $71.89. The stock has a market capitalization of $48.16 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 2.52 and a beta of 0.70.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Sempra had a return on equity of 9.45% and a net margin of 18.26%. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $5.58 billion. During the same period last year, the firm earned $1.46 earnings per share. Sempra’s revenue for the quarter was down 44.5% on a year-over-year basis. On average, equities analysts anticipate that Sempra will post 4.82 earnings per share for the current year.

Sempra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 21st were given a $0.62 dividend. This is a boost from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.26%. Sempra’s payout ratio is presently 51.77%.

Insider Activity

In other Sempra news, CEO Jeffrey W. Martin sold 50,703 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the completion of the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $141.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Sempra news, CEO Jeffrey W. Martin sold 50,703 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $70.92, for a total value of $3,595,856.76. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at approximately $141.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trevor I. Mihalik sold 57,571 shares of Sempra stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the sale, the vice president now directly owns 10,922 shares in the company, valued at approximately $770,983.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,432 shares of company stock valued at $8,668,035. Insiders own 0.27% of the company’s stock.

Sempra Company Profile

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.