Sempra Energy Hits New 52-Week High at $101.97 (SRE)
Sempra Energy (NYSE:SRE) reached a new 52-week high on Monday , Analyst Ratings Net reports. The stock traded as high as $101.97 and last traded at $100.74, with a volume of 456,787 shares traded. The stock had previously closed at $100.71.
A number of research firms have recently commented on SRE. Analysts at ISI Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $115.00 price target on the stock, up previously from $95.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $99.57.
The stock’s 50-day moving average is $98.71 and its 200-day moving average is $93.79. The company has a market cap of $24.775 billion and a P/E ratio of 23.55.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Sempra Energy will post $4.48 earnings per share for the current fiscal year.
In other Sempra Energy news, CFO Joseph A. Householder unloaded 44,663 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $100.15, for a total value of $4,472,999.45. The transaction was disclosed in a filing with the SEC, which is available at this link.
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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