Sempra Energy (NYSE:SRE) announced a quarterly dividend on Friday, September 8th, RTT News reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.8225 per share by the utilities provider on Sunday, October 15th. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.77%.

Sempra Energy has raised its dividend payment by an average of 6.0% annually over the last three years and has increased its dividend every year for the last 6 years. Sempra Energy has a payout ratio of 63.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sempra Energy to earn $5.53 per share next year, which means the company should continue to be able to cover its $3.29 annual dividend with an expected future payout ratio of 59.5%.

Shares of Sempra Energy (NYSE SRE) traded down 0.1937% during midday trading on Friday, hitting $118.7396. 290,250 shares of the company’s stock were exchanged. The firm has a market cap of $29.81 billion, a PE ratio of 17.5624 and a beta of 0.55. Sempra Energy has a one year low of $92.95 and a one year high of $119.66. The stock’s 50-day moving average price is $116.42 and its 200 day moving average price is $113.15.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The business had revenue of $2.53 billion for 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 company’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. Equities research analysts forecast that Sempra Energy will post $5.23 EPS for the current year.

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Several research analysts have recently weighed in on SRE shares. BidaskClub upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a report on Thursday, June 8th. Morgan Stanley increased their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price of $121.00.

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.

Dividend History for Sempra Energy (NYSE:SRE)

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