SRE Stock Summary and Trading Ideas (Dba Sempra | NYSE:SRE)

Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves more than 10 million Texas customers. Sempra Infrastructure partners, of which Sempra holds a controlling ownership, owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico.

Dba Sempra trades on the NYSE stock market under the symbol SRE.

As of April 19, 2024, SRE stock price climbed to $70.08 with 2,774,065 million shares trading.

SRE has a beta of 0.31, meaning it tends to be less sensitive to market movements. SRE has a correlation of 0.05 to the broad based SPY ETF.

SRE has a market cap of $44.33 billion. This is considered a Large Cap stock.

Last quarter Dba Sempra reported $3 billion in Revenue and $1.13 earnings per share. This fell short of revenue expectation by $-379 million and exceeded earnings estimates by $.01.

In the last 3 years, SRE stock traded as high as $88.24 and as low as $59.78.

The top ETF exchange traded funds that SRE belongs to (by Net Assets): VTI, VOO, XLU, SPY, IVV.

SRE has underperformed the market in the last year with a return of -8.2%, while the SPY ETF gained +21.2%. In the last 3 month period, SRE fell short of the market, returning -3.0%, while SPY returned +3.0%. However, in the most recent 2 weeks SRE has outperformed the stock market by returning -0.6%, while SPY returned -4.5%.

SRE support price is $67.55 and resistance is $69.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SRE stock will trade within this expected range on the day.