Growth Story Still Intact For Sempra (SRE)

Sempra (SRE) concluded trading on Thursday at a closing price of $90.94, with 3.89 million shares of worth about $354.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.67% during that period and on December 05, 2024 the price saw a loss of about -0.61%. Currently the company’s common shares owned by public are about 633.21M shares, out of which, 633.03M shares are available for trading.

Stock saw a price change of -3.54% in past 5 days and over the past one month there was a price change of 10.57%. Year-to-date (YTD), SRE shares are showing a performance of 21.69% which increased to 28.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.40 but also hit the highest price of $95.77 during that period. The average intraday trading volume for Sempra shares is 2.90 million. The stock is currently trading -1.74% below its 20-day simple moving average (SMA20), while that difference is up 4.30% for SMA50 and it goes to 15.67% higher than SMA200.

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Sempra (NYSE: SRE) currently have 633.21M outstanding shares and institutions hold larger chunk of about 91.57% of that.

The stock has a current market capitalization of $57.60B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 20.02, while it has posted earnings per share of $4.54 in the same period. Its PEG reads 2.86 and has Quick Ratio of 0.47 while making debt-to-equity ratio of 1.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SRE, volatility over the week remained 1.58% while standing at 2.19% over the month.

Stock’s fiscal year EPS is expected to rise by 3.51% while it is estimated to increase by 8.04% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 22.84% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 24, 2024 offering a Buy rating for the stock and assigned a target price of $98 to it. Coverage by BofA Securities stated Sempra (SRE) stock as a Buy in their note to investors on September 12, 2024, suggesting a price target of $94 for the stock. On January 11, 2024, BMO Capital Markets Upgrade their recommendations, while on January 03, 2024, Ladenburg Thalmann Initiated their ratings for the stock with a price target of $81.50. Stock get an Overweight rating from JP Morgan on December 12, 2023.

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