Insider Buying: Sempra Energy VP Purchases 2,000 Shares of Stock (SRE)
Sempra Energy (NYSE:SRE) VP Martha B. Wyrsch bought 2,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $99.27 per share, with a total value of $198,540.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.57.
Sempra Energy (NYSE:SRE) traded up 1.39% on Friday, hitting $101.12. 1,439,463 shares of the company’s stock traded hands. Sempra Energy has a 52 week low of $77.49 and a 52 week high of $101.97. The stock has a 50-day moving average of $99.13 and a 200-day moving average of $94.16. The company has a market cap of $24.802 billion and a price-to-earnings ratio of 23.32.
Sempra Energy (NYSE:SRE) last released its earnings data on Friday, May 2nd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. 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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