Sempra Energy (NYSE:SRE) received a $129.00 price objective from equities research analysts at Wells Fargo & Co in a report released on Monday. The firm currently has a “buy” rating on the utilities provider’s stock. Wells Fargo & Co’s price target indicates a potential upside of 8.28% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. Morgan Stanley increased their target price on shares of Sempra Energy from $120.00 to $121.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Bank of America raised their price objective on shares of Sempra Energy from $118.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. set a $110.00 price objective on shares of Sempra Energy and gave the company a “hold” rating in a research report on Monday, July 30th. Argus raised their price objective on shares of Sempra Energy to $130.00 and gave the company a “buy” rating in a research report on Monday, July 9th. Finally, ValuEngine upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sempra Energy currently has a consensus rating of “Buy” and a consensus price target of $123.33.
SRE traded up $0.41 during trading on Monday, hitting $119.14. The company had a trading volume of 4,074 shares, compared to its average volume of 1,472,622. The stock has a market capitalization of $32.21 billion, a PE ratio of 22.09, a P/E/G ratio of 2.73 and a beta of 0.39. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $127.22.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.17. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. equities research analysts forecast that Sempra Energy will post 5.43 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Nomura Holdings Inc. lifted its stake in Sempra Energy by 5,266.3% during the second quarter. Nomura Holdings Inc. now owns 3,138,899 shares of the utilities provider’s stock valued at $364,458,000 after buying an additional 3,080,406 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Sempra Energy by 11,368.8% during the first quarter. Summit Trail Advisors LLC now owns 1,295,974 shares of the utilities provider’s stock valued at $1,296,000 after buying an additional 1,284,674 shares in the last quarter. BlackRock Inc. lifted its stake in Sempra Energy by 2.5% during the first quarter. BlackRock Inc. now owns 21,157,486 shares of the utilities provider’s stock valued at $2,353,137,000 after buying an additional 525,987 shares in the last quarter. Luminus Management LLC purchased a new stake in Sempra Energy during the second quarter valued at about $31,466,000. Finally, PointState Capital LP purchased a new stake in Sempra Energy during the second quarter valued at about $31,260,000. Institutional investors own 88.27% of the company’s stock.
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 engages in the generation, transmission, and distribution of electricity.
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