rts logo

Sempra (SRE) Stock Could Soon Reward Patient Investors

Sempra (NYSE: SRE) is -4.87% lower on its value in year-to-date trading and has touched a low of $63.75 and a high of $79.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SRE stock was last observed hovering at around $70.60 in the last trading session, with the day’s gains setting it 0.49%.

Currently trading at $71.09, the stock is 0.31% and -0.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.96 million and changing 0.69% at the moment leaves the stock -1.24% off its SMA200. SRE registered -2.17% loss for a year compared to 6-month loss of -3.29%. The firm has a 50-day simple moving average (SMA 50) of $4.57 and a 200-day simple moving average (SMA200) of $12.39.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 0.85% gain in the last 1 month and extending the period to 3 months gives it a -5.49%, and is 0.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 1.77% over the month.

Sempra (SRE) has around 16835 employees, a market worth around $44.94B and $16.58B in sales. Current P/E ratio is 14.85 and Fwd P/E is 13.78. Profit margin for the company is 18.27%. Distance from 52-week low is 11.51% and -10.60% from its 52-week high. The company has generated returns on investments over the last 12 months (5.31%).

Sempra quarterly earnings per share for the current quarter are estimated at $1.34 with sales reaching $6.16B over the same period.The EPS is expected to grow by 4.66% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -6.10% in year-over-year returns.

Sempra (SRE) Top Institutional Holders

1,412 institutions hold shares in Sempra (SRE), with institutional investors hold 91.50% of the company’s shares. The shares outstanding are 632.15M, and float is at 631.87M with Short Float at 1.82%. Institutions hold 91.47% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 61.57 million shares valued at $4.48 billion. The investor’s holdings represent 19.57% of the SRE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 57.81 million shares valued at $4.21 billion to account for 18.37% of the shares outstanding. The other top investors are Capital International Investors which holds 54.92 million shares representing 17.45% and valued at over $4.0 billion, while State Street Corporation holds 11.13% of the shares totaling 35.01 million with a market value of $2.55 billion.

Sempra (SRE) Insider Activity

The most recent transaction is an insider sale by BIRD JUSTIN CHRISTOPHER,the company’sExecutive Vice President. SEC filings show that BIRD JUSTIN CHRISTOPHER sold 6,278 shares of the company’s common stock on Mar 08 ’24 at a price of $70.60 per share for a total of $0.44 million. Following the sale, the insider now owns 13434.0 shares.

Sempra disclosed in a document filed with the SEC on Mar 08 ’24 that Sedgwick Karen L (Executive VP and CFO) sold a total of 3,624 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $70.59 per share for $0.26 million. Following the transaction, the insider now directly holds 39400.0 shares of the SRE stock.

Still, SEC filings show that on Mar 08 ’24, DAY DIANA L (Chief Legal Counsel) disposed off 3,406 shares at an average price of $70.62 for $0.24 million. The insider now directly holds 14,739 shares of Sempra (SRE).

Related Posts