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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SRE shares. Barclays boosted their price target 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. Morgan Stanley lifted their price objective on Sempra from $74.00 to $75.00 and gave the stock an equal weight rating in a research note on Thursday, March 21st. StockNews.com lowered Sempra from a hold rating to a sell rating in a research note on Tuesday, February 20th. Mizuho cut their price target on shares of Sempra from $83.00 to $79.00 and set a buy rating on the stock in a research report on Thursday, January 25th. Finally, BMO Capital Markets upgraded shares of Sempra from a market perform rating to an outperform rating and boosted their price objective for the company from $76.00 to $84.00 in a report on Thursday, January 11th. One investment 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’s stock. According to MarketBeat.com, Sempra presently has a consensus rating of Moderate Buy and an average price target of $82.14.

Sempra Stock Up 0.5 %

NYSE:SRE traded up $0.38 during trading hours on Tuesday, reaching $73.09. 1,585,825 shares of the stock were exchanged, compared to its average volume of 2,929,162. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.54 and a quick ratio of 0.49. Sempra has a twelve month low of $63.75 and a twelve month high of $78.70. The stock has a market cap of $46.20 billion, a PE ratio of 15.18, a PEG ratio of 2.52 and a beta of 0.70. The firm has a 50 day moving average of $70.69 and a 200 day moving average of $71.82.

Sempra (NYSE:SRE) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Sempra had a net margin of 18.26% and a return on equity of 9.45%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. On average, equities analysts expect that Sempra will post 4.82 earnings per share for the current year.

Sempra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 21st were given a dividend of $0.62 per share. This is a positive change from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, March 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.39%. Sempra’s payout ratio is 51.77%.

Insider Activity at Sempra

In other news, EVP Justin Christopher Bird sold 5,063 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $71.22, for a total transaction of $360,586.86. Following the transaction, the executive vice president now directly owns 19,712 shares in the company, valued at approximately $1,403,888.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Diana L. Day sold 3,937 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total value of $280,353.77. Following the sale, the insider now owns 18,145 shares in the company, valued at approximately $1,292,105.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Justin Christopher Bird sold 5,063 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $71.22, for a total value of $360,586.86. Following the sale, the executive vice president now directly owns 19,712 shares of the company’s stock, valued at approximately $1,403,888.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,432 shares of company stock valued at $8,668,035. 0.27% of the stock is owned by corporate 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.