Sempra Energy (SRE) Updates FY20 Earnings Guidance

Sempra Energy (NYSE:SRE) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.70-7.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.10. Sempra Energy also updated its FY19 guidance to $5.70-6.30 EPS.

SRE has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Sempra Energy from $132.00 to $142.00 and gave the company an equal weight rating in a report on Thursday, May 23rd. ValuEngine raised Sempra Energy from a hold rating to a buy rating in a report on Friday, May 10th. Argus lifted their price target on Sempra Energy to $142.00 and gave the company a buy rating in a report on Tuesday, April 16th. Wells Fargo & Co lifted their price target on Sempra Energy from $137.00 to $140.00 and gave the company an outperform rating in a report on Monday, April 15th. Finally, TheStreet raised Sempra Energy from a c+ rating to a b rating in a report on Tuesday, February 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $131.57.

NYSE SRE opened at $131.57 on Friday. Sempra Energy has a 12 month low of $100.49 and a 12 month high of $136.37. The company has a current ratio of 0.38, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15. The company has a market cap of $36.52 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.88 and a beta of 0.52.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.23. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Sell-side analysts predict that Sempra Energy will post 6.02 EPS for the current fiscal year.

In other Sempra Energy news, insider Joseph A. Householder sold 50,400 shares of Sempra Energy stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $134.80, for a total value of $6,793,920.00. Following the transaction, the insider now owns 55,115 shares in the company, valued at $7,429,502. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Jeffrey W. Martin sold 9,392 shares of Sempra Energy stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $133.85, for a total transaction of $1,257,119.20. Following the completion of the transaction, the chairman now owns 36,403 shares in the company, valued at approximately $4,872,541.55. The disclosure for this sale can be found here. Insiders have sold 65,515 shares of company stock worth $8,793,584 in the last quarter. Company insiders own 0.13% of the company’s stock.

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About Sempra Energy

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.

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