Sempra Energy PT Raised to $96.00 (SRE)
Investment analysts at JPMorgan Chase & Co. hoisted their price target on shares of Sempra Energy (NYSE:SRE) from $95.00 to $96.00 in a note issued to investors on Tuesday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 12.48% from the stock’s previous close.
Shares of Sempra Energy (NYSE:SRE) traded down 0.29% on Tuesday, hitting $85.35. The stock had a trading volume of 1,543,476 shares. Sempra Energy has a 52 week low of $64.47 and a 52 week high of $89.46. The stock’s 50-day moving average is $84.82 and its 200-day moving average is $82.95. The company has a market cap of $20.791 billion and a P/E ratio of 21.59.
Sempra Energy (NYSE:SRE) last posted its quarterly 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. Analysts expect that Sempra Energy will post $4.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Saturday, September 28th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, September 25th.
A number of other firms have also recently commented on SRE. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $89.78.
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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