Sempra Energy (NYSE:SRE) was downgraded by investment analysts at Bank of America from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, December 28th. They currently have a $112.00 price target on the utilities provider’s stock. Bank of America’s target price would indicate a potential upside of 4.78% from the company’s previous close.
SRE has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Wells Fargo & Co lowered their price target on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. Finally, Goldman Sachs Group raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $122.33.
Sempra Energy (NYSE SRE) opened at $106.89 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. The stock has a market cap of $27,170.54, a P/E ratio of 23.70, a P/E/G ratio of 2.15 and a beta of 0.62. Sempra Energy has a 1-year low of $99.71 and a 1-year high of $122.97.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.04. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. analysts expect that Sempra Energy will post 5.25 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SRE. Beach Investment Management LLC. lifted its holdings in shares of Sempra Energy by 959.7% in the second quarter. Beach Investment Management LLC. now owns 125,148 shares of the utilities provider’s stock worth $14,110,000 after buying an additional 113,338 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Sempra Energy by 78.0% in the second quarter. Advisors Asset Management Inc. now owns 7,365 shares of the utilities provider’s stock worth $830,000 after buying an additional 3,228 shares in the last quarter. BB&T Securities LLC purchased a new position in shares of Sempra Energy in the second quarter worth $240,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Sempra Energy by 8.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 5,669 shares of the utilities provider’s stock worth $640,000 after buying an additional 451 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Sempra Energy by 8.1% in the second quarter. Pacer Advisors Inc. now owns 5,388 shares of the utilities provider’s stock worth $607,000 after buying an additional 406 shares in the last quarter. 80.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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