Sempra Energy (NYSE:SRE) has been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $120.11.
A number of research firms recently commented on SRE. Bank of America cut Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 target price on the stock. in a research note on Thursday, December 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $104.00 target price (down previously from $112.00) on shares of Sempra Energy in a research note on Tuesday, March 6th. Zacks Investment Research cut Sempra Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 20th. Guggenheim reissued a “buy” rating and issued a $122.00 target price on shares of Sempra Energy in a research note on Friday, February 23rd. Finally, Wells Fargo reissued a “buy” rating and issued a $120.00 target price (down previously from $121.00) on shares of Sempra Energy in a research note on Wednesday, February 28th.
SRE stock traded down $0.19 on Wednesday, reaching $110.41. The company had a trading volume of 1,923,592 shares, compared to its average volume of 2,669,111. The company has a market capitalization of $28,706.10, a PE ratio of 109.32, a PEG ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.09. Sempra Energy has a 1-year low of $100.63 and a 1-year high of $122.97.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 23rd will be given a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 3.24%. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, March 22nd. Sempra Energy’s dividend payout ratio is presently 325.75%.
A number of hedge funds and other institutional investors have recently bought and sold shares of SRE. Capital International Investors boosted its position in Sempra Energy by 14.8% during the third quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock valued at $1,308,797,000 after buying an additional 1,474,282 shares during the period. Parnassus Investments CA boosted its position in Sempra Energy by 22.1% during the fourth quarter. Parnassus Investments CA now owns 4,398,413 shares of the utilities provider’s stock valued at $470,278,000 after buying an additional 796,352 shares during the period. BlackRock Inc. boosted its holdings in shares of Sempra Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 20,631,499 shares of the utilities provider’s stock worth $2,205,919,000 after purchasing an additional 475,879 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Sempra Energy by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,559,513 shares of the utilities provider’s stock worth $273,662,000 after purchasing an additional 199,223 shares during the period. Finally, Cohen & Steers Inc. boosted its holdings in shares of Sempra Energy by 12.5% during the third quarter. Cohen & Steers Inc. now owns 1,598,021 shares of the utilities provider’s stock worth $182,382,000 after purchasing an additional 177,247 shares during the period. Institutional investors and hedge funds own 82.42% of the company’s stock.
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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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