Sempra Energy Sets New 1-Year High at $89.50 (SRE)
Sempra Energy (NYSE:SRE) set a new 52-week high on Thursday, Analyst Ratings Network.com reports. The company traded as high as $89.50 and last traded at $89.13, with a volume of 739,349 shares. The stock had previously closed at $87.69.
SRE has been the subject of a number of recent research reports. Analysts at ISI Group raised their price target on shares of Sempra Energy from $83.50 to $87.00 in a research note to investors on Tuesday, October 8th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Sempra Energy has an average rating of “Buy” and a consensus price target of $89.50.
Sempra Energy has a 52-week low of $63.87 and a 52-week high of $89.62. The stock’s 50-day moving average is $85.73 and its 200-day moving average is $83.51. The company has a market cap of $21.805 billion and a price-to-earnings ratio of 22.12.
Sempra Energy (NYSE:SRE) last announced its 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 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 $4.49 EPS 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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