Sempra Energy (NYSE:SRE) has earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $151.27.
SRE has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Co raised their price objective on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. UBS Group boosted their target price on Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Evercore ISI reaffirmed a “buy” rating and set a $160.00 target price on shares of Sempra Energy in a research note on Wednesday, November 13th. Finally, ValuEngine downgraded Sempra Energy from a “buy” rating to a “hold” rating in a report on Saturday, September 14th.
In other news, Director Andres Conesa bought 2,000 shares of Sempra Energy stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of $147.26 per share, for a total transaction of $294,520.00. Following the completion of the acquisition, the director now owns 4,749 shares of the company’s stock, valued at approximately $699,337.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.
Several institutional investors have recently bought and sold shares of SRE. Krane Funds Advisors LLC purchased a new position in Sempra Energy in the 2nd quarter worth $25,000. River & Mercantile Asset Management LLP purchased a new stake in Sempra Energy during the 2nd quarter valued at about $27,000. Garrett Wealth Advisory Group LLC acquired a new position in shares of Sempra Energy in the third quarter valued at about $31,000. Westside Investment Management Inc. acquired a new position in shares of Sempra Energy in the second quarter valued at about $41,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Sempra Energy in the second quarter worth about $47,000. 88.75% of the stock is owned by hedge funds and other institutional investors.
Shares of SRE stock opened at $145.84 on Friday. The company’s fifty day simple moving average is $145.71 and its two-hundred day simple moving average is $140.93. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $148.90. The stock has a market cap of $41.11 billion, a P/E ratio of 26.18, a PEG ratio of 3.09 and a beta of 0.41. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.15.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $1.23 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Sempra Energy will post 6.11 EPS for the current fiscal year.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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