Sempra Energy Hits New 12-Month High at $105.32 (SRE)
Sempra Energy (NYSE:SRE) hit a new 52-week high on Thursday , Stock Ratings Network reports. The stock traded as high as $105.32 and last traded at $104.38, with a volume of 467,415 shares traded. The stock had previously closed at $103.94.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $107.00 price target on shares of Sempra Energy in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. Analysts at ISI Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating in a research note on Monday, June 9th. They now have a $115.00 price target on the stock, up previously from $95.00. One equities research analyst has 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 target price of $102.10.
The stock has a 50-day moving average of $101.8 and a 200-day moving average of $98.82. The company has a market cap of $25.724 billion and a price-to-earnings ratio of 23.74.
Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 7th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.13 by $0.05. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Sempra Energy will post $4.47 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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