Sempra director James Yardley acquires $350k in stock

Published 13/03/2025, 22:04
Sempra director James Yardley acquires $350k in stock

James C. Yardley, a director at Sempra (NYSE:SRE), has acquired 5,018.99 shares of the company’s common stock. The transaction, which took place on March 12, was valued at approximately $350,024, with the shares purchased at a weighted average price of $69.74 per share. The actual purchase prices ranged from $69.71 to $69.75. Following this acquisition, Yardley holds 5,018.99 shares directly.The timing of this purchase is notable as Sempra’s stock is currently trading near its 52-week low of $64.89, with InvestingPro data showing the stock’s RSI indicates oversold territory. The company maintains a strong dividend profile, having raised its dividend for 14 consecutive years, with a current yield of 3.74%.InvestingPro analysis reveals additional insights about Sempra’s financial health and market position, with 10+ more exclusive ProTips and comprehensive metrics available in the Pro Research Report, helping investors make informed decisions about this utility giant.

In other recent news, Sempra Energy has faced a series of analyst adjustments following its latest financial disclosures. The company reported a downward revision of its 2025 guidance, which led BMO Capital Markets to reduce its price target from $92 to $78 while maintaining an Outperform rating. Jefferies downgraded Sempra Energy from "Buy" to "Hold" and lowered the price target to $77, citing concerns over the company’s near-term prospects and financial stability. Barclays (LON:BARC) also downgraded the stock from Overweight to Equal Weight, setting a new price target of $72 due to significant financial adjustments and increased costs.

Meanwhile, BofA Securities lowered its price target to $86 but reaffirmed a Buy rating, noting the potential for Sempra Energy to achieve above-average earnings per share growth of 7-9% between 2025 and 2029. Guggenheim Securities echoed this sentiment by maintaining a Buy rating despite reducing the price target to $87, highlighting the 20% selloff compared to the Utility sector as an overreaction. Analysts from both firms recognized the challenges in Sempra’s revised guidance but saw potential value in the stock.

These developments reflect a cautious yet varied outlook from analysts regarding Sempra Energy’s future performance. The company’s recent financial results and guidance adjustments have prompted a recalibration of expectations, with analysts expressing both skepticism and optimism about its long-term growth prospects. Despite the adjustments, some analysts maintain confidence in Sempra Energy’s potential value, given the current market conditions.

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