Sempra Energy Hits New 52-Week High at $88.92 (SRE)
Shares of Sempra Energy (NYSE:SRE) hit a new 52-week high during trading hours on Wednesday, Analyst Ratings Network reports. The company traded as high as $88.92 and last traded at $88.71, with a volume of 977,042 shares trading hands. The stock had previously closed at $86.08.
Several analysts have recently commented on the stock. 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. Separately, 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Sempra Energy presently has an average rating of “Buy” and a consensus target price of $88.67.
Sempra Energy has a 1-year low of $63.87 and a 1-year high of $88.78. The stock has a 50-day moving average of $84.93 and a 200-day moving average of $82.41. The company has a market cap of $21.625 billion and a P/E ratio of 21.71.
Sempra Energy (NYSE:SRE) last released its earnings data 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Saturday, September 28th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, September 25th.
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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