Sempra Energy (NYSE:SRE) Plans $0.66 Quarterly Dividend

Sempra Energy (NYSE:SRE) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.6575 per share by the utilities provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 25th.

Sempra Energy has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Sempra Energy has a payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sempra Energy to earn $5.54 per share next year, which means the company should continue to be able to cover its $2.63 annual dividend with an expected future payout ratio of 47.5%.

Sempra Energy Stock Performance

NYSE SRE opened at $91.67 on Thursday. Sempra Energy has a 52-week low of $73.06 and a 52-week high of $101.04. The company has a fifty day moving average of $94.86 and a 200-day moving average of $92.01. The company has a market capitalization of $59.93 billion, a P/E ratio of 31.08, a P/E/G ratio of 3.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.870-5.370 EPS. As a group, equities research analysts predict that Sempra Energy will post 5.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a research report on Tuesday, April 21st. Truist Financial set a $108.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. Finally, UBS Group reissued a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.