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SAN DIEGO—Lisa Larroque Alexander, Senior Vice President of Corporate Affairs and Human Resources at Sempra (NYSE:SRE), recently sold 2,755 shares of the company’s common stock. The transaction, executed on February 11, amounted to a total of $225,717, with shares sold at an average price of $81.93 each. The utility giant, currently valued at approximately $53 billion, has maintained a strong dividend track record, with InvestingPro data showing 27 consecutive years of dividend payments and 14 years of consecutive increases. The company’s shares currently trade at a P/E ratio of 18.3, with analysts maintaining a bullish consensus.
Following this sale, Larroque Alexander holds approximately 13,905 shares in the company. The transaction was part of a pre-arranged trading plan. According to InvestingPro’s Fair Value analysis, Sempra appears to be trading above its Fair Value, with additional insights available in the comprehensive Pro Research Report, which covers what really matters for this utility leader through expert analysis and intuitive visuals.
In other recent news, Sempra Energy has been the subject of several significant developments. BMO Capital Markets maintained an Outperform rating on Sempra Energy’s shares with a stable price target of $92. The firm highlighted the company’s increased capital expenditure for Oncor and the anticipation of a comprehensive update following the fourth-quarter and full-year 2024 results. Sempra Energy also confirmed its commitment to a 6-8% long-term growth rate, based on 2025 midpoint projections.
Sempra Energy has expanded its board with the appointment of Anya Weaving and Kevin C. Sagara, effective March 1, 2025. Weaving, recognized as an independent director and an audit committee financial expert, will join the Audit Committee and Compensation and Talent Development Committee. Sagara, a former executive at Sempra, will serve on the Safety, Sustainability, and Technology Committee.
Jefferies analyst Julian Dumoulin-Smith adjusted the price target for Sempra Energy shares to $96 from $102, while maintaining a Buy rating. The analyst highlighted several factors influencing the decision, including the anticipation for Oncor’s capital plan update and the significance of liquefied natural gas (LNG) prospects due to recent policy shifts.
Lastly, Sempra’s subsidiaries, San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas), received approval from the California Public Utilities Commission (CPUC) for rate increases. The decision, part of the 2024 General Rate Case (GRC), authorizes revenue requirements for the test year 2024 and attrition year adjustments through 2027.
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