Shares of Sempra Energy (NYSE:SRE) have been given an average recommendation of “Buy” by the five analysts that are currently covering the stock. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $113.15.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Argus restated a “buy” rating on shares of Sempra Energy in a research note on Tuesday. Finally, Goldman Sachs Group Inc. downgraded Sempra Energy from a “conviction-buy” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $108.00 in a research note on Monday, June 6th. They noted that the move was a valuation call.

Shares of Sempra Energy (NYSE:SRE) traded up 0.5312% during trading on Tuesday, hitting $108.5134. The stock had a trading volume of 918,160 shares. The firm has a market cap of $27.14 billion, a P/E ratio of 28.6542 and a beta of 0.47. The firm’s 50-day moving average is $106.41 and its 200-day moving average is $106.42. Sempra Energy has a one year low of $86.72 and a one year high of $114.66.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/sempra-energy-nysesre-given-average-rating-of-buy-by-brokerages.html

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.18. The firm earned $2.16 billion during the quarter, compared to the consensus estimate of $2.62 billion. Sempra Energy had a net margin of 9.56% and a return on equity of 9.49%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities research analysts forecast that Sempra Energy will post $4.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Thursday, September 29th will be given a dividend of $0.755 per share. The ex-dividend date is Tuesday, September 27th. This represents a $3.02 annualized dividend and a dividend yield of 2.80%. Sempra Energy’s dividend payout ratio is presently 79.68%.

In other news, Director William P. Rutledge sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $107.20, for a total transaction of $536,000.00. Following the completion of the transaction, the director now directly owns 10,838 shares in the company, valued at $1,161,833.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Trevor I. Mihalik sold 5,659 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $106.86, for a total value of $604,720.74. Following the transaction, the senior vice president now owns 2,615 shares of the company’s stock, valued at $279,438.90. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. increased its position in shares of Sempra Energy by 230.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,151,391 shares of the company’s stock valued at $119,802,000 after buying an additional 802,803 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Sempra Energy by 9.2% in the second quarter. Nisa Investment Advisors LLC now owns 47,350 shares of the company’s stock valued at $5,399,000 after buying an additional 4,000 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Sempra Energy by 54.7% in the second quarter. Shell Asset Management Co. now owns 93,141 shares of the company’s stock valued at $10,620,000 after buying an additional 32,944 shares in the last quarter. Ngam Advisors L.P. acquired a new position in shares of Sempra Energy during the second quarter valued at about $1,297,000. Finally, JPMorgan Chase & Co. increased its position in shares of Sempra Energy by 84.1% in the second quarter. JPMorgan Chase & Co. now owns 7,275,776 shares of the company’s stock valued at $829,585,000 after buying an additional 3,324,658 shares in the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

About Sempra Energy

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.

5 Day Chart for NYSE:SRE

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.