ValuEngine upgraded shares of Sempra Energy (NYSE:SRE) from a hold rating to a buy rating in a research report sent to investors on Wednesday.
Other research analysts have also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of Sempra Energy from $120.00 to $121.00 and gave the stock a hold rating in a research note on Tuesday, September 11th. TheStreet upgraded shares of Sempra Energy from a c+ rating to a b rating in a research note on Wednesday, November 7th. Bank of America lifted their price target on shares of Sempra Energy from $118.00 to $121.00 and gave the stock a neutral rating in a research note on Tuesday, August 7th. Finally, Wells Fargo & Co upgraded shares of Sempra Energy from a market perform rating to an outperform rating and lifted their price target for the stock from $125.00 to $128.00 in a research note on Monday, August 20th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $123.38.
Shares of SRE stock opened at $115.95 on Wednesday. Sempra Energy has a 12-month low of $100.49 and a 12-month 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 21.39, a P/E/G ratio of 2.65 and a beta of 0.40.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.10. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.33%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. As a group, equities analysts predict that Sempra Energy will post 5.44 EPS for the current year.
In other news, CEO Jeffrey W. Martin sold 5,705 shares of Sempra Energy stock in a transaction on Friday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $670,793.90. Following the transaction, the chief executive officer now owns 29,660 shares in the company, valued at approximately $3,487,422.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Trevor I. Mihalik sold 4,744 shares of Sempra Energy stock in a transaction on Friday, November 9th. The stock was sold at an average price of $116.97, for a total transaction of $554,905.68. Following the transaction, the vice president now owns 15,719 shares in the company, valued at approximately $1,838,651.43. The disclosure for this sale can be found here. Insiders have sold a total of 49,349 shares of company stock worth $5,760,884 in the last quarter. Corporate insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ELM Advisors LLC purchased a new position in shares of Sempra Energy during the 3rd quarter valued at $101,000. Columbia Asset Management purchased a new position in shares of Sempra Energy during the 3rd quarter valued at $103,000. JNBA Financial Advisors purchased a new position in shares of Sempra Energy during the 3rd quarter valued at $110,000. Captrust Financial Advisors lifted its stake in shares of Sempra Energy by 151.5% during the 3rd quarter. Captrust Financial Advisors now owns 1,001 shares of the utilities provider’s stock valued at $115,000 after buying an additional 603 shares in the last quarter. Finally, Psagot Investment House Ltd. purchased a new position in shares of Sempra Energy during the 3rd quarter valued at $125,000. Institutional investors own 94.13% 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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