Sunday, September 20, 2020

Market cap of Sempra Energy [SRE] reaches 34.12B – now what?

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Sempra Energy [NYSE: SRE] price plunged by -1.28 percent to reach at -$1.52. The company report on September 10, 2020 that SoCalGas Increasing Rebates by 50% on Energy Efficient Appliances and Smart Thermostats Now Through December 31.

Customers who purchase qualifying energy efficient products will get 50% extra cash back in rebates on dryers, smart thermostats, furnaces, water heaters, pool heaters, insulation and more.

Southern California Gas Co. (SoCalGas) today announced the company is increasing rebates by an additional 50% on all energy efficient appliances offered through its rebate program now through December 31, 2020. This means customers can get an additional 50% cash back on energy efficient products that will help them conserve energy and reduce their SoCalGas bill. The rebates are funded through energy efficiency incentive programs created by the California Public Utilities Commission.

A sum of 1065285 shares traded at recent session while its average daily volume was at 1.72M shares. Sempra Energy shares reached a high of $121.18 and dropped to a low of $117.05 until finishing in the latest session at $117.63.

The one-year SRE stock forecast points to a potential upside of 19.43. The average equity rating for SRE stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Sempra Energy [SRE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SRE shares is $146.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SRE stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Sempra Energy shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 17, 2020. The new note on the price target was released on July 21, 2020, representing the official price target for Sempra Energy stock. Previously, the target price had yet another raise to $142, while Seaport Global Securities analysts kept a Buy rating on SRE stock.

The Average True Range (ATR) for Sempra Energy is set at 2.94, with the Price to Sales ratio for SRE stock in the period of the last 12 months amounting to 3.05. The Price to Book ratio for the last quarter was 1.69, with the Price to Cash per share for the same quarter was set at 16.87. Price to Free Cash Flow for SRE in the course of the last twelve months was 284.32 with Quick ratio for the last quarter at 0.80.

SRE Stock Performance Analysis:

Sempra Energy [SRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.23. With this latest performance, SRE shares dropped by -10.81% in over the last four-week period, additionally plugging by 19.57% over the last 6 months – not to mention a drop of -17.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SRE stock in for the last two-week period is set at 37.63, with the RSI for the last a single of trading hit 34.79, and the three-weeks RSI is set at 41.09 for Sempra Energy [SRE]. The present Moving Average for the last 50 days of trading for this stock 124.38, while it was recorded at 118.73 for the last single week of trading, and 132.01 for the last 200 days.

Insight into Sempra Energy Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Sempra Energy [SRE] shares currently have an operating margin of +25.39 and a Gross Margin at +29.98. Sempra Energy’s Net Margin is presently recorded at +16.98.

Return on Total Capital for SRE is now 5.92, given the latest momentum, and Return on Invested Capital for the company is 4.59. Return on Equity for this stock inclined to 9.89, with Return on Assets sitting at 2.91. When it comes to the capital structure of this company, Sempra Energy [SRE] has a Total Debt to Total Equity ratio set at 131.90. Additionally, SRE Total Debt to Total Capital is recorded at 56.88, with Total Debt to Total Assets ending up at 40.07. Long-Term Debt to Equity for the company is recorded at 120.14, with the Long-Term Debt to Total Capital now at 45.89.

Reflecting on the efficiency of the workforce at the company, Sempra Energy [SRE] managed to generate an average of $131,362 per employee. Receivables Turnover for the company is 5.66 with a Total Asset Turnover recorded at a value of 0.17.Sempra Energy’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

SRE Stock EPS

With the latest financial reports released by the company, Sempra Energy posted 1.5/share EPS, while the average EPS was predicted by analysts to be reported at 1.47/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sempra Energy go to 6.27%.

Sempra Energy [SRE] Insider Position Details

There are presently around $29,782 million, or 89.00% of SRE stock, in the hands of institutional investors. The top three institutional holders of SRE stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 26,135,615, which is approximately -9.348% of the company’s market cap and around 0.06% of the total institutional ownership; VANGUARD GROUP INC, holding 25,752,635 shares of the stock with an approximate value of $3.03 billion in SRE stocks shares; and BLACKROCK INC., currently with $2.48 billion in SRE stock with ownership of nearly -5.11% of the company’s market capitalization.

Positions in Sempra Energy stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 393 institutional holders increased their position in Sempra Energy [NYSE:SRE] by around 17,891,134 shares. Additionally, 345 investors decreased positions by around 16,872,035 shares, while 128 investors held positions by with 218,419,108 shares. The mentioned changes placed institutional holdings at 253,182,277 shares, according to the latest SEC report filing. SRE stock had 98 new institutional investments in for a total of 3,591,631 shares, while 76 institutional investors sold positions of 1,528,334 shares during the same period.

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