Reviewing The Case For Sempra (SRE) Going Higher

Currently, there are 633.15M common shares owned by the public and among those 632.84M shares have been available to trade.

The company’s stock has a 5-day price change of -1.56% and 6.46% over the past three months. SRE shares are trading 10.06% year to date (YTD), with the 12-month market performance up to 13.68% higher. It has a 12-month low price of $66.40 and touched a high of $86.57 over the same period. SRE has an average intraday trading volume of 2.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.83%, -1.04%, and 7.74% respectively.

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Institutional ownership of Sempra (NYSE: SRE) shares accounts for 91.37% of the company’s 633.15M shares outstanding.

It has a market capitalization of $52.08B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 17.56, while the earnings-per-share (ttm) stands at $4.68. The company has a PEG of 2.55 and a Quick Ratio of 0.41 with the debt-to-equity ratio at 1.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 1.68% over the month.

Earnings per share for the fiscal year are expected to increase by 3.57%, and 7.79% over the next financial year. EPS should shrink at an annualized rate of 6.90% over the next five years, compared to 22.84% over the past 5-year period.

Looking at the support for the SRE, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on October 24, 2024, with the firm’s price target at $98. BofA Securities coverage for the Sempra (SRE) stock in a research note released on September 12, 2024 offered a Buy rating with a price target of $94. BMO Capital Markets was of a view on January 11, 2024 that the stock is Outperform, while Ladenburg Thalmann gave the stock Buy rating on January 03, 2024, issuing a price target of $81.50. JP Morgan on their part issued Overweight rating on December 12, 2023.

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