Sempra Energy Plans Quarterly Dividend of $0.63 (SRE)
Sempra Energy (NYSE:SRE) announced a quarterly dividend on Thursday, September 12th, StockRatingsNetwork.com reports. Shareholders of record on Saturday, September 28th will be paid a dividend of $0.63 per share on Tuesday, October 15th. This represents a $2.52 annualized dividend and a dividend yield of 3.00%.
A number of analysts have recently weighed in on SRE shares. Analysts at KeyCorp initiated coverage on shares of Sempra Energy (NYSE:SRE) in a research note to investors on Thursday, August 22nd. They set a “buy” rating and a $100.00 price target on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of Sempra Energy (NYSE:SRE) from $87.00 to $90.00 in a research note to investors on Thursday, August 8th. Finally, analysts at RBC Capital raised their price target on shares of Sempra Energy (NYSE:SRE) from $87.00 to $95.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $88.67.
Shares of Sempra Energy (NYSE:SRE) traded up 0.39% during mid-day trading on Thursday, hitting $84.28. The stock had a trading volume of 875,064 shares. Sempra Energy has a 52-week low of $63.87 and a 52-week high of $88.78. The stock has a 50-day moving average of $85.1 and a 200-day moving average of $82.15. The company has a market cap of $20.531 billion and a P/E ratio of 21.17.
Sempra Energy (NYSE:SRE) last announced its earnings results on Tuesday, August 6th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by $0.25. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts predict that Sempra Energy will post $4.33 earnings per share for the current fiscal year.
Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy’s business was organized in five segments: San Diego Gas & Electric Company (NYSE:SRE), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas).
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