Press coverage about Sempra Energy (NYSE:SRE) has been trending extremely positive on Friday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sempra Energy earned a media sentiment score of 5.00 on their scale. InfoTrie also gave media headlines about the utilities provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Sempra Energy’s analysis:
A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on Sempra Energy from $120.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 7th. Wells Fargo & Co raised Sempra Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $125.00 to $128.00 in a report on Monday, August 20th. Finally, Bank of America raised Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $120.00 to $126.00 in a report on Thursday, October 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $123.38.
SRE stock opened at $115.70 on Friday. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. The company has a market capitalization of $31.98 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.65 and a beta of 0.40.
Sempra Energy (NYSE:SRE) last posted its earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Sempra Energy’s revenue was up 9.7% on a year-over-year basis. Analysts expect that Sempra Energy will post 5.44 earnings per share for the current year.
In related news, CEO Jeffrey W. Martin sold 5,705 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $117.58, for a total value of $670,793.90. Following the sale, the chief executive officer now owns 29,660 shares of the company’s stock, valued at approximately $3,487,422.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph A. Householder sold 11,600 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $115.14, for a total value of $1,335,624.00. Following the completion of the sale, the insider now directly owns 95,527 shares in the company, valued at approximately $10,998,978.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,349 shares of company stock worth $5,760,884. 0.17% of the stock is owned by corporate insiders.
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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.
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