Sempra Energy Given New $87.00 Price Target at ISI Group (SRE)
ISI Group raised their price objective on shares of Sempra Energy (NYSE:SRE) from $83.50 to $87.00 in a research note issued on Tuesday, American Banking News reports. The firm currently has a “neutral” rating on the stock. ISI Group’s price objective would suggest a potential upside of 1.84% from the company’s current price.
A number of other analysts have also recently weighed in on SRE. Analysts at JPMorgan Chase & Co. raised their price target on shares of Sempra Energy from $95.00 to $96.00 in a research note to investors on Tuesday, October 1st. They now have an “overweight” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Sempra Energy in a research note to investors on Thursday, August 22nd. They set a “buy” rating and a $100.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Sempra Energy from $87.00 to $90.00 in a research note to investors on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $89.50.
Shares of Sempra Energy (NYSE:SRE) traded down 0.04% during mid-day trading on Tuesday, hitting $85.43. 1,151,963 shares of the company’s stock traded hands. Sempra Energy has a 1-year low of $64.96 and a 1-year high of $89.46. The stock has a 50-day moving average of $84.91 and a 200-day moving average of $83.17. The company has a market cap of $20.811 billion and a price-to-earnings ratio of 21.55.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts expect that Sempra Energy will post $4.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors 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 2.95%. 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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