The stock of Sempra (NYSE:SRE) increased by $0.15 on Tuesday to finish at $71.71, up 0.21 percent. The last five days have seen an average of 1,830,540 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$5.56. The average number of shares traded over the last 20 days was 2,281,605, while the average volume over the last 50 days totaled 2,141,202.
SRE stock dropped -3.76% since last month. On 08/16/23, the company’s shares reached a one-month low of $69.88. The stock touched a high of $88.24 on 01/17/23, after rallying from a low of $68.27 in 52 weeks. The price of SRE stock has declined by -7.20% or -$5.56 this year, reaching a new high 6 times. Still, the stock price is down -18.73% from the 52-week high.
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Insider Transactions
SRE stock investors should be aware that Sempra (SRE) stock had its last reported insider trading activity 168 days ago on Mar 15. On Mar 15, Chairman, CEO and President Martin Jeffrey W sold 19,260 shares at $146.09 each. This transaction resulted in the insider making $2,813,736. On Mar 01, MIHALIK TREVOR I sold 2,306 shares at a price of US$148.50. After the transaction, the insider now owns 21,362 shares. Chairman, CEO and President Martin Jeffrey W had earlier sold 10,413 shares on Feb 28 for $150.99 a share. The transaction was completed for $1,572,276.
Valuation Metrics
Sempra (SRE) has a trailing price-to-earnings (P/E) ratio of 18.15. Beta for the stock is 0.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.66, the price-to-book (PB) ratio of 1.68.
Company paid $0.5950 per share in dividends, remained unchanged from $0.5950 last year. A $0.0225 dividend increase was reported on Tuesday February 28 2023.
Financial Health
For the three months ended June 29, Sempra’s quick ratio was 0.50, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.02, and the total debt to equity ratio is 1.15. Sempra’s EBITDA margin for the year ended June 29 was 35.65%, whereas its operating margin stood at 19.20% for the same period. Based on annual data, it had gross profit of $2.3 billion and revenue of $14.44 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SRE’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 3.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.40%.
Earnings Surprise
According to Sempra’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.33 billion, while revenues fell by -6.36% to $6.56 billion. It was predicted that Sempra’s quarterly earnings would be $0.94, but it ended up being $0.88, beating the consensus by 6.80%. EBITDA was $1.34 billion for the quarter. At the end of Sempra’s most recent quarter ended June 29, its liabilities totaled 51.71 billion, while its total debt was $31.25 billion. Equity owned by shareholders amounts to $314.65 million.
Technical Picture
Here’s a quick look at Sempra’s (SRE) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 51.16%, suggesting the stock is Neutral, with a 11.43% historical volatility rate.
The stochastic %K and %D were 53.53% and 45.76% respectively, while the average true range (ATR) was 1.20. Based on the 14-day stochastic reading of 64.85%, the RSI (14) reading is 48.09%. On the 9-day MACD Oscillator, the stock is at 0.34, and the 14-day reading is at 0.39.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering Sempra (NYSE: SRE). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Sempra (SRE) an Overweight rating. SRE is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is SRE’s price target for the next 12 months?
The current consensus forecast for the stock is between $76.00 and $96.00, with a median target price of $83.50. In analyzing these forecasts, the average price target given by analysts for Sempra (SRE) is $84.39.
