Sempra director Mark Richard buys $499,839 in common stock

SAN DIEGO—Mark Richard, a director at Sempra (NYSE:SRE), recently purchased 7,160 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired on March 6 at a price of $69.81 each, amounting to a total transaction value of $499,839. The timing is notable as the stock trades near its 52-week low, with shares down over 20% year-to-date. InvestingPro analysis indicates the stock is currently in oversold territory. Following this purchase, Richard’s direct ownership in Sempra increased to 12,661.81 shares. The $44.87 billion utility company currently trades at a P/E ratio of 15.46 and offers a 3.71% dividend yield, having maintained dividend payments for 28 consecutive years. For deeper insights into insider trading patterns and technical indicators, InvestingPro subscribers can access comprehensive analysis and 10+ additional expert tips.

In other recent news, Sempra Energy has been the focus of several analyst updates following its fourth-quarter earnings results and revised 2025 guidance. BMO Capital Markets adjusted its price target for Sempra Energy shares to $78 from $92, maintaining an Outperform rating. This comes after Sempra Energy surprised investors with a downward revision of its 2025-2029 earnings per share estimates, although the company communicated a sustainable long-term growth rate of 7-9%. Jefferies downgraded Sempra Energy from Buy to Hold, cutting the price target to $77, citing concerns over the company’s financial outlook and regulatory uncertainties.

Barclays (LON:BARC) also downgraded Sempra Energy, moving the rating from Overweight to Equal Weight and reducing the price target to $72, reflecting skepticism about the company’s revised plans and financial landscape. Meanwhile, BofA Securities lowered its price target to $86 but maintained a Buy rating, highlighting a potential 22% upside despite the recent stock decline. Guggenheim Securities followed suit, cutting the price target to $87 while keeping a Buy rating, noting the lack of clarity in the company’s earnings call.

Analysts have expressed varying levels of confidence in Sempra Energy’s future performance, with some emphasizing potential growth and others pointing to challenges such as regulatory hurdles and financial constraints. The company’s long-term EPS growth guidance remains at 7-9%, yet investor sentiment has been affected by the recent adjustments. These developments underscore a cautious but varied outlook from analysts on Sempra Energy’s stock trajectory.

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