Sempra (SRE): What the Financials Tell Us

Sempra (NYSE:SRE) saw an upside of 1.04% to close Tuesday at $124.41 after adding $1.28 on the day. The 5-day average trading volume is 1,640,160 shares of the company’s common stock. It has gained $128.80 in the past week. An average of 1,542,990 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,238,930.

SRE’s 1-month performance is -7.16% or -$8.08 on its low of $123.09 reached on 10/11/21. The company’s shares have touched a 52-week low of $114.66 and high of $144.93, with the stock’s rally to the 52-week high happening on 06/15/21. YTD, SRE has lost -2.35% or -$3.00. However, the current price is down -14.16%% from the 52-week high price.


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Insider Transactions

On Jun 01, 134 days have gone by since the last insider trading activity for Sempra (SRE). Sagara Kevin C. (EVP and Group President) most recently sold 15,525 shares at $135.69 per share on Jun 01. This transaction cost the insider $2,106,587. Executive VP and CFO, MIHALIK TREVOR I, sold 5,387 shares at a price of $135.75 on Jun 01.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 198.63 and a low of 7.880. SRE stock has a beta of 0.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.39 while the price-to-book (PB) in the most recent quarter is 1.60, with the price to cash flow ratio at 28.72.

Sempra pays an annual dividend of $4.40 per share. Its dividend yield is 3.54% and the payout ratio is 61.10%. SRE paid $1.10 a share compared with prior rate of $1.10, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0550 reported on Thursday February 25 2021. Measured over the last 3 years, the Dividend has been growing by 27.05% yearly.

It is projected that Sempra’s next ex-dividend date will be on 23-Dec. SRE is expected to distribute $1.10 as its next dividend.

Sempra’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.50 meaning that SRE stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.92, while the total debt to equity was 1.04. In terms of profitability, the gross margin trailing 12 months is 96.70%. The trailing 12-month EBITDA margin is 38.77% while for the period ending June 29; Sempra’s operating margin was 20.30%. The firm’s gross profit as reported stood at $2.53 billion against revenue of $11.37 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 7.84% to $2.74 billion, while revenue of $3.26 billion was -18.9% off the previous quarter. Analysts expected SRE to announce $1.59 per share in earnings in its latest quarter, but it posted $1.63, representing a 2.50% surprise. EBITDA for the quarter stood at more than $915.0 million. SRE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 42.92 billion, with total debt at $25.31 billion. Shareholders hold equity totaling $319.33 million

Technical Picture

Let’s look briefly at Sempra (SRE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 38.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.70%.

The stock’s 5-day moving average is $125.10, reflecting a -1.76% or -$2.23 change from its current price. SRE is currently trading -7.04% above its 20-day SMA, -8.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.21% and -1.18% respectively.

Stochastic %K and %D was 9.24% and 13.97% and the average true range (ATR) pointed at 2.53. The RSI (14) points at 38.82%, while the 14-day stochastic is at 15.36% with the period’s ATR at 2.49. The stock’s 9-day MACD Oscillator is pointing at -1.59 and -2.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sempra (NYSE: SRE), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for SRE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SRE as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.

What is SRE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $126.00 and a high of $168.00, with their median price target at $148.50. Looking at these predictions, the average price target given by analysts is for Sempra (SRE) stock is $148.81.

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