Sempra Energy stock trades under the ticker SRE & has shown recent bullishness that traders & investors should research further into.
SRE stock closed at $158.49/share on 2/17/2023.
Sempra Energy SRE Stock’s Technical Performance Broken Down
SRE Stock Price: $158.49
10 Day Moving Average: $156.80
50 Day Moving Average: $158.20
200 Day Moving Average: $156.26
RSI: 51.56
MACD: -0.254
On Friday, SRE stock completed a bullish MACD crossover, gaining +0.65% on the day’s session.
Recent trading volumes have been slightly below average compared to the year prior & their RSI is neutral after consolidating over the last few months.
SRE stock has support at the $158.20, $157.63 & $156.80/share price levels, as they try to break out above their $163.63, $164.39 & $164.43/share resistance levels.
Sempra Energy SRE Stock As A Long-Term Investment
Long-term focused investors will like SRE stock’s valuation metrics, with a 22.02 P/E (ttm) & 1.89 P/B (mrq).
They recently reported 20% Quarterly Revenue Growth Y-o-Y.
Their balance sheet will require a more thorough examination before investment, with $690M of Total Cash (mrq) & $27B of Total Debt (mrq).
SRE stock pays a 2.88% dividend, which may not be sustainable in the long-run, as their payout ratio is 63.43%.
88.69% of SRE stock’s outstanding share float is owned by institutional investors.
Sempra Energy SRE Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from SRE stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $150, $155, $140 & $145 call options are all in-the-money, listed from highest to lowest level of open interest.
The $160, $165 & $170 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
SRE stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics & dividend yield, but may want to more thoroughly review their balance sheet before investing.
Traders will like their recent technical performance.
All-in-all, it is worth taking a closer look into SRE stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN SRE STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***