Sempra Energy (NYSE:SRE) has been assigned an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $130.50.
A number of equities research analysts recently issued reports on SRE shares. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Wells Fargo & Co raised their price target on Sempra Energy from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. ValuEngine lowered Sempra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Finally, Morgan Stanley raised their price target on Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th.
In other news, Director Lynn Schenk sold 5,000 shares of Sempra Energy stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.92, for a total value of $644,600.00. Following the transaction, the director now directly owns 16,306 shares in the company, valued at approximately $2,102,169.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP G Joyce Rowland sold 2,393 shares of Sempra Energy stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $120.86, for a total value of $289,217.98. Following the completion of the transaction, the vice president now owns 12,461 shares in the company, valued at $1,506,036.46. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Large investors have recently made changes to their positions in the company. Columbia Asset Management increased its holdings in shares of Sempra Energy by 179.6% in the 4th quarter. Columbia Asset Management now owns 2,533 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 1,627 shares during the period. State Treasurer State of Michigan increased its holdings in shares of Sempra Energy by 0.8% in the 1st quarter. State Treasurer State of Michigan now owns 78,938 shares of the utilities provider’s stock valued at $9,935,000 after acquiring an additional 600 shares during the period. TD Asset Management Inc. increased its holdings in shares of Sempra Energy by 15.3% in the 4th quarter. TD Asset Management Inc. now owns 313,291 shares of the utilities provider’s stock valued at $33,895,000 after acquiring an additional 41,553 shares during the period. BP PLC increased its holdings in shares of Sempra Energy by 60.6% in the 4th quarter. BP PLC now owns 53,000 shares of the utilities provider’s stock valued at $5,734,000 after acquiring an additional 20,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sempra Energy in the 4th quarter valued at $1,643,000. Institutional investors and hedge funds own 97.19% of the company’s stock.
Shares of SRE stock opened at $134.30 on Monday. Sempra Energy has a 52-week low of $100.49 and a 52-week high of $134.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.38 and a quick ratio of 0.36. The company has a market cap of $35.79 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.23. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the company earned $1.43 EPS. Sempra Energy’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts expect that Sempra Energy will post 6.02 EPS for the current year.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.
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