Sempra Energy (NYSE:SRE) had its target price raised by Morgan Stanley from $131.00 to $134.00 in a research note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 15.46% from the stock’s current price.

Other analysts have also issued reports about the stock. BidaskClub raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. UBS AG reaffirmed a “buy” rating and issued a $128.00 price target (up from $124.00) on shares of Sempra Energy in a research note on Tuesday, April 18th. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a research note on Thursday, June 8th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 price target on shares of Sempra Energy in a research note on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sempra Energy currently has a consensus rating of “Buy” and an average target price of $121.00.

Shares of Sempra Energy (NYSE SRE) traded down 0.57% on Thursday, reaching $116.06. 1,347,067 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $113.35 and its 200-day moving average price is $111.07. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $117.97. The company has a market capitalization of $29.14 billion, a P/E ratio of 17.17 and a beta of 0.54.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. Analysts anticipate that Sempra Energy will post $5.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/10/sempra-energy-nysesre-price-target-raised-to-134-00-at-morgan-stanley.html.

In related news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the sale, the chief executive officer now directly owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after buying an additional 19,262,128 shares during the last quarter. Vanguard Group Inc. increased its stake in Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after buying an additional 596,498 shares during the last quarter. Wellington Management Group LLP increased its stake in Sempra Energy by 4.9% in the first quarter. Wellington Management Group LLP now owns 8,542,152 shares of the utilities provider’s stock worth $943,907,000 after buying an additional 400,464 shares during the last quarter. Morgan Stanley increased its stake in Sempra Energy by 1.9% in the first quarter. Morgan Stanley now owns 4,087,824 shares of the utilities provider’s stock worth $451,706,000 after buying an additional 76,182 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Sempra Energy by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock worth $454,591,000 after buying an additional 80,131 shares during the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.

About Sempra Energy

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

Analyst Recommendations for Sempra Energy (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.