Sempra Energy Reaches New 1-Year High at $100.69 (SRE)
Shares of Sempra Energy (NYSE:SRE) reached a new 52-week high during trading on Friday , Analyst Ratings Net reports. The stock traded as high as $100.69 and last traded at $100.35, with a volume of 408,214 shares traded. The stock had previously closed at $100.05.
SRE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sempra Energy in a research note on Friday, May 23rd. They now have a $103.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Sempra Energy from $102.00 to $105.00 in a research note on Monday, May 5th. Finally, analysts at RBC Capital raised their price target on shares of Sempra Energy from $102.00 to $104.00 in a research note on Wednesday, April 2nd. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $97.57.
The stock has a 50-day moving average of $98. and a 200-day moving average of $93.35. The company has a market cap of $24.604 billion and a P/E ratio of 23.39.
Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, May 2nd. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.04. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company posted $0.99 earnings per share. Sempra Energy’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Sempra Energy will post $4.48 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 consisting of 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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