Sempra Energy Hits New 52-Week High at $93.53 (SRE)
Shares of Sempra Energy (NYSE:SRE) hit a new 52-week high during trading hours on Wednesday, AnalystRatings.NET reports. The company traded as high as $93.53 and last traded at $92.75, with a volume of 584,317 shares trading hands. The stock had previously closed at $92.93.
Several analysts have recently commented on the stock. Analysts at ISI Group raised their price target on shares of Sempra Energy from $87.00 to $95.00 in a research note to investors on Tuesday, January 14th. Separately, analysts at Barclays cut their price target on shares of Sempra Energy from $101.00 to $97.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Sempra Energy in a research note to investors on Monday, November 4th. They set a “buy” rating and a $91.72 price target on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.70.
Sempra Energy has a one year low of $73.17 and a one year high of $93.00. The stock has a 50-day moving average of $89. and a 200-day moving average of $87.40. The company has a market cap of $22.659 billion and a price-to-earnings ratio of 22.92.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.10. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company posted $1.33 earnings per share. Sempra Energy’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Sempra Energy will post $4.45 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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