Analysts Set Sempra Energy (SRE) PT at $122.14

Sempra Energy (NYSE:SRE) has been given an average rating of “Buy” by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $122.14.

A number of analysts recently weighed in on SRE shares. Zacks Investment Research raised shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, March 28th. Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Monday, May 21st. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Monday, May 7th. Scotiabank raised shares of Sempra Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, April 26th. Finally, Bank of America dropped their price objective on shares of Sempra Energy from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, May 8th.

In related news, Chairman Debra L. Reed sold 49,909 shares of the stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $110.37, for a total value of $5,508,456.33. Following the completion of the transaction, the chairman now owns 177,227 shares in the company, valued at approximately $19,560,543.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Ouchi sold 1,918 shares of the stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $104.80, for a total transaction of $201,006.40. Following the completion of the transaction, the director now owns 14,954 shares of the company’s stock, valued at approximately $1,567,179.20. The disclosure for this sale can be found here. Insiders sold a total of 55,775 shares of company stock valued at $6,142,993 in the last quarter. 0.17% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Flinton Capital Management LLC boosted its position in shares of Sempra Energy by 7.3% during the 1st quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 504 shares in the last quarter. FDx Advisors Inc. boosted its position in shares of Sempra Energy by 15.8% during the 4th quarter. FDx Advisors Inc. now owns 4,306 shares of the utilities provider’s stock valued at $460,000 after purchasing an additional 589 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Sempra Energy by 1.7% during the 1st quarter. Mason Street Advisors LLC now owns 35,566 shares of the utilities provider’s stock valued at $3,956,000 after purchasing an additional 593 shares in the last quarter. Neuburgh Advisers LLC boosted its position in shares of Sempra Energy by 7.3% during the 1st quarter. Neuburgh Advisers LLC now owns 9,044 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 612 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. boosted its position in shares of Sempra Energy by 46.2% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 2,101 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Shares of NYSE:SRE opened at $116.11 on Friday. The firm has a market cap of $30.67 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.44 and a beta of 0.47. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $122.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.34 and a current ratio of 0.37.

Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, May 7th. The utilities provider reported $1.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.19). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.28 billion. Sempra Energy had a return on equity of 8.30% and a net margin of 1.45%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. equities research analysts anticipate that Sempra Energy will post 5.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 15th. Investors of record on Monday, July 2nd will be given a $0.895 dividend. The ex-dividend date of this dividend is Friday, June 29th. This represents a $3.58 dividend on an annualized basis and a yield of 3.08%. Sempra Energy’s dividend payout ratio is presently 66.05%.

Sempra Energy Company Profile

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 engages in the generation, transmission, and distribution of electricity.

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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