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SAN DIEGO — Peter R. Wall, Senior Vice President, Controller, and Chief Accounting Officer at Sempra (NYSE:SRE), recently sold 8,192 shares of the company’s common stock. The shares were sold at an average price of $70.81, with the actual transaction prices ranging from $70.51 to $71.31, totaling approximately $580,075. Following this transaction, Wall holds 11,866.59 shares directly. The sale comes as Sempra’s stock has declined about 13% over the past six months, though InvestingPro analysis indicates the company maintains a "Fair" overall financial health score.
The sale was part of a pre-arranged trading plan, as indicated in the company’s filing with the Securities and Exchange Commission. This transaction provides insight into the financial activities of Sempra’s executive team, offering a glimpse into their portfolio management strategies. Notably, Sempra has maintained dividend payments for 28 consecutive years and raised them for 14 straight years. For deeper insights into Sempra’s valuation and 8 additional exclusive ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Sempra Energy has seen a series of adjustments in analyst ratings and price targets following its fourth-quarter earnings announcement. BMO Capital Markets lowered its price target for Sempra Energy to $78 from $92 but maintained an Outperform rating, citing a revised $56 billion capital plan and a sustainable long-term growth rate of 7-9%. Jefferies downgraded Sempra Energy from "Buy" to "Hold" and reduced its price target to $77, expressing concerns about the company’s balance sheet and regulatory uncertainties. Barclays (LON:BARC) also downgraded Sempra Energy to Equal Weight with a reduced price target of $72, highlighting increased costs and equity dilution as key factors.
Meanwhile, BofA Securities revised Sempra Energy’s price target to $86 while maintaining a Buy rating, noting the potential for a 22% upside despite the recent guidance adjustments. Guggenheim Securities also adjusted its price target to $87, retaining a Buy rating but emphasizing the lack of clarity from the company’s earnings call. Analysts from Guggenheim expressed skepticism about the revised long-term growth guidance, considering the 20% stock selloff an overreaction. These recent developments reflect the varied perspectives among analysts on Sempra Energy’s financial outlook and growth potential.
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