Sempra (SRE) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Sempra (SRE) is a leading energy infrastructure company headquartered in San Diego, California. With a strong emphasis on providing essential electric and natural gas services, Sempra operates both nationally in the United States and internationally. The company is segmented into three key divisions: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure, collectively servicing approximately 3.6 million customers in California and about 21 million across its broader service area. Since its inception in 1996, Sempra has played a pivotal role in the energy transition across North America, positioning itself within the diversified utilities sector.
Financial Performance and Market Outlook
Sempra’s financial health is evidenced by a robust total revenue of approximately $13.48 billion, showcasing its significant market presence and stability. Currently priced at $83.18, Sempra has a target high price of $95.00, which indicates a strong potential for capital appreciation. Analysts have set a mean price target of $88.06, with a favorable “buy” recommendation reflected in a collective score of 2.0 from 16 analysts. This recommendation is substantiated by the company’s bullish short interest of 2.03%, suggesting investor confidence in its performance. Notably, Sempra’s stock price is within range of its fifty-two week high of $84.29 and substantially above its low of $63.75 over the past year, indicating positive momentum.
Investment Insights
Sempra’s investment landscape is compelling, particularly within the diversified utilities market, known for its stability and growth potential. The current trading scenario, along with a target low price set at $80.00, epitomizes a favorable risk-reward dynamic for investors. As Sempra navigates the evolving energy landscape, its strong operational foundation and revenue performance position it as a viable investment opportunity for those seeking sustainable growth within their portfolios. Overall, Sempra’s potential, reinforced by positive analyst sentiment and trends in stock performance, underscores its attractiveness as a reliable investment choice in the utilities sector.
| Metric | Value |
|---|---|
| Market Cap | $52.7b |
| Total Debt | $33.2b |
| Total Cash | $259.0m |
| Shares Outstanding | 633.1m |
| Float Shares | 632.2m |
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