Shares of Sempra Energy (NYSE:SRE) have earned an average rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $125.50.
Several research analysts have commented on SRE shares. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Bank of America Corporation started coverage on Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price target on the stock. J P Morgan Chase & Co boosted their target price on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a report on Monday, July 24th.
Institutional investors have recently bought and sold shares of the stock. Shell Asset Management Co. boosted its stake in shares of Sempra Energy by 14.1% in the third quarter. Shell Asset Management Co. now owns 66,058 shares of the utilities provider’s stock valued at $6,961,000 after buying an additional 8,165 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sempra Energy by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock valued at $454,591,000 after buying an additional 80,131 shares in the last quarter. Girard Partners LTD. boosted its stake in shares of Sempra Energy by 11.9% in the second quarter. Girard Partners LTD. now owns 3,234 shares of the utilities provider’s stock valued at $365,000 after buying an additional 343 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at approximately $1,104,000. Finally, Opus Capital Group LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at approximately $563,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.
Sempra Energy (NYSE:SRE) traded down $0.35 on Thursday, reaching $119.51. The company’s stock had a trading volume of 1,695,303 shares, compared to its average volume of 1,388,167. The firm has a market capitalization of $30,006.29, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.63 and a beta of 0.62. Sempra Energy has a 52 week low of $98.12 and a 52 week high of $122.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. sell-side analysts predict that Sempra Energy will post 5.24 earnings per share for the current fiscal year.
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Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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