Sempra Energy (NYSE:SRE) Sets New 1-Year High at $136.52

Sempra Energy (NYSE:SRE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $136.52 and last traded at $136.14, with a volume of 2372 shares traded. The stock had previously closed at $135.69.

A number of equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Sempra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $151.00 price objective for the company. Morgan Stanley upped their price objective on shares of Sempra Energy from $132.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, May 23rd. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Argus upped their price objective on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Co upped their price objective on shares of Sempra Energy from $137.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $134.00.

The firm has a market capitalization of $37.23 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.92 and a beta of 0.46. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.38.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.23. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. Sempra Energy’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. As a group, equities analysts expect that Sempra Energy will post 6.05 EPS for the current fiscal year.

In other Sempra Energy news, Chairman Jeffrey W. Martin sold 9,392 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $133.85, for a total transaction of $1,257,119.20. Following the completion of the sale, the chairman now directly owns 36,403 shares in the company, valued at $4,872,541.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Peter R. Wall sold 723 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $135.47, for a total transaction of $97,944.81. Following the sale, the chief accounting officer now owns 2,359 shares of the company’s stock, valued at $319,573.73. The disclosure for this sale can be found here. Insiders have sold 65,515 shares of company stock valued at $8,793,584 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SRE. Norges Bank bought a new stake in Sempra Energy during the fourth quarter valued at about $653,205,000. Oregon Public Employees Retirement Fund boosted its holdings in Sempra Energy by 10,582.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 3,070,305 shares during the period. Vanguard Group Inc boosted its holdings in Sempra Energy by 5.0% during the third quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after acquiring an additional 997,607 shares during the period. Pennsylvania Trust Co bought a new stake in Sempra Energy during the first quarter valued at about $36,745,000. Finally, Bahl & Gaynor Inc. boosted its holdings in Sempra Energy by 55.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,201,855 shares of the utilities provider’s stock valued at $130,028,000 after acquiring an additional 426,253 shares during the period. Institutional investors own 97.30% of the company’s stock.

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Sempra Energy Company Profile (NYSE:SRE)

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 generates, transmits, and distributes electricity; and supplies natural gas.

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