TheStreet upgraded shares of Sempra Energy (NYSE:SRE) from a c+ rating to a b rating in a research report released on Wednesday.
Several other equities analysts have also issued reports on the company. Bank of America upgraded Sempra Energy from a neutral rating to a buy rating and boosted their price objective for the company from $120.00 to $126.00 in a research report on Thursday, October 11th. Wells Fargo & Co upgraded Sempra Energy from a market perform rating to an outperform rating and boosted their price objective for the company from $125.00 to $128.00 in a research report on Monday, August 20th. Morgan Stanley reiterated an equal weight rating on shares of Sempra Energy in a research report on Friday, August 17th. ValuEngine upgraded Sempra Energy from a hold rating to a buy rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. set a $110.00 price objective on Sempra Energy and gave the company a hold rating in a research report on Monday, July 30th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sempra Energy currently has a consensus rating of Buy and a consensus price target of $123.38.
Shares of SRE opened at $116.70 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.59 and a quick ratio of 0.54. Sempra Energy has a 52-week low of $100.49 and a 52-week high of $127.22. The company has a market capitalization of $32.15 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. Sempra Energy had a positive return on equity of 9.02% and a negative net margin of 3.33%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the firm earned $1.04 EPS. Sempra Energy’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that Sempra Energy will post 5.42 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 21st were paid a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, September 20th. Sempra Energy’s payout ratio is 66.05%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ELM Advisors LLC bought a new stake in Sempra Energy in the 3rd quarter valued at approximately $101,000. Columbia Asset Management bought a new stake in Sempra Energy in the 3rd quarter valued at approximately $103,000. Squar Milner Financial Services LLC bought a new stake in Sempra Energy in the 2nd quarter valued at approximately $105,000. JNBA Financial Advisors bought a new stake in Sempra Energy in the 3rd quarter valued at approximately $110,000. Finally, Psagot Investment House Ltd. bought a new stake in Sempra Energy in the 3rd quarter valued at approximately $125,000. Hedge funds and other institutional investors own 88.44% 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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