Sempra director Michael Mears purchases $67,700 in common stock

Published 11/03/2025, 23:40
Sempra director Michael Mears purchases $67,700 in common stock

In a recent transaction, Michael N. Mears, a director at Sempra (NYSE:SRE), acquired 1,000 shares of the company’s common stock. The purchase, which took place on March 10, 2025, was executed at a price of $67.70 per share, amounting to a total transaction value of $67,700. The timing appears strategic, as InvestingPro data shows the stock trading near its 52-week low of $64.89, with technical indicators suggesting oversold conditions. Following this acquisition, Mears’ total holdings in Sempra stand at 5,000 shares. This figure reflects the impact of a two-for-one stock split that occurred in August 2023. The utility giant, currently valued at $44.7 billion, boasts a strong dividend track record with 14 consecutive years of increases and a current yield of 3.75%. InvestingPro analysis suggests the stock is currently undervalued, with analysts setting price targets between $72 and $96.

In other recent news, Sempra Energy has seen a series of adjustments in ratings and price targets from various analyst firms following its fourth-quarter earnings report. BMO Capital Markets lowered its price target for Sempra Energy to $78 while maintaining an Outperform rating, citing a revised $56 billion capital plan and a sustainable long-term growth rate of 7-9%. Meanwhile, Jefferies downgraded the stock from Buy to Hold and reduced the price target to $77, expressing concerns over the company’s financial stability and regulatory challenges in California and Texas. Barclays (LON:BARC) also downgraded Sempra Energy from Overweight to Equal Weight, cutting the price target to $72, influenced by financial adjustments and increased costs impacting the company’s return on equity.

Additionally, BofA Securities revised its price target to $86, maintaining a Buy rating and noting a potential 22% upside despite the recent drop in stock value. Guggenheim Securities adjusted its price target to $87, retaining a Buy rating but expressing skepticism over the company’s revised 2025 guidance and long-term growth projections. Analysts have pointed to various factors, including regulatory uncertainties and financial constraints, as reasons for the cautious outlook on Sempra Energy’s stock. Despite these challenges, some firms, like Guggenheim, still see potential value in the stock given its discount compared to peers. These recent developments highlight the mixed sentiment among analysts regarding Sempra Energy’s financial trajectory.

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