Sempra (NYSE: SRE) is 13.76% higher on its value in year-to-date trading and has touched a low of $66.40 and a high of $86.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SRE stock was last observed hovering at around $84.93 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $85.01, the stock is 2.02% and 3.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing 0.09% at the moment leaves the stock 12.02% off its SMA200. SRE registered 23.99% gain for a year compared to 6-month gain of 18.86%. The firm has a 50-day simple moving average (SMA 50) of $82.3504 and a 200-day simple moving average (SMA200) of $75.84635.
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The stock witnessed a 1.15% loss in the last 1 month and extending the period to 3 months gives it a 7.44%, and is 1.17% 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 1.83% over the week and 1.51% over the month.
Sempra (SRE) has around 16835 employees, a market worth around $53.82B and $13.21B in sales. Current P/E ratio is 18.15 and Fwd P/E is 16.51. Profit margin for the company is 22.51%. Distance from 52-week low is 28.03% and -1.30% from its 52-week high. The company has generated returns on investments over the last 12 months (5.08%).
with sales reaching $3.54B over the same period.The EPS is expected to grow by 3.66% this year, but quarterly earnings will post -5.80% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.
Sempra (SRE) Top Institutional Holders
1419.0 institutions hold shares in Sempra (SRE), with institutional investors hold 96.60% of the company’s shares. The shares outstanding are 633.15M, and float is at 632.83M with Short Float at 1.79%. Institutions hold 96.58% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 64.36 million shares valued at $4.9 billion. The investor’s holdings represent 10.1706% of the SRE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 61.79 million shares valued at $$4.7 billion to account for 9.765 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 54.09 million shares representing 8.5481% and valued at over $4.11 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 5.4037 of the shares totaling 34.2 million with a market value of $2.6 billion.
Sempra (SRE) Insider Activity
The most recent transaction is an insider sale by WALL PETER R, the company’s SVP, Controller and CAO. SEC filings show that WALL PETER R sold 6,100 shares of the company’s common stock on Jun 18 ’24 at a price of $75.07 per share for a total of $0.46 million. Following the sale, the insider now owns 14751.0 shares.
Sempra disclosed in a document filed with the SEC on May 17 ’24 that MARK RICHARD J (Director) bought a total of 1,925 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $77.97 per share for $0.15 million. Following the transaction, the insider now directly holds 5420.0 shares of the SRE stock.
Still, SEC filings show that on Mar 08 ’24, BIRD JUSTIN CHRISTOPHER (Executive Vice President) disposed off 6,278 shares at an average price of $70.60 for $0.44 million. The insider now directly holds 13,434 shares of Sempra (SRE).
