Sempra Energy (SRE) PT Lowered to $125.00
Sempra Energy (NYSE:SRE) had its price target lowered by stock analysts at J P Morgan Chase & Co from $126.00 to $125.00 in a report released on Thursday. The brokerage currently has a “neutral” rating on the utilities provider’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 8.75% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Morgan Stanley upped their price target on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Wells Fargo & Company decreased their price target on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $124.22.
Sempra Energy (SRE) traded up 0.44% during mid-day trading on Thursday, reaching $115.44. 105,533 shares of the company’s stock were exchanged. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $120.17. The stock has a 50-day moving average of $116.68 and a 200-day moving average of $114.21. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 17.07 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company posted $0.79 EPS. The company’s revenue was up 17.5% on a year-over-year basis. Analysts anticipate that Sempra Energy will post $5.23 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Sempra Energy by 0.3% during the second quarter. BlackRock Inc. now owns 20,037,400 shares of the utilities provider’s stock worth $2,259,219,000 after buying an additional 68,576 shares during the period. Vanguard Group Inc. increased its position in shares of Sempra Energy by 2.5% during the second quarter. Vanguard Group Inc. now owns 17,796,341 shares of the utilities provider’s stock worth $2,006,537,000 after buying an additional 429,693 shares during the period. Capital International Investors increased its position in shares of Sempra Energy by 7.1% during the second quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock worth $1,126,747,000 after buying an additional 661,199 shares during the period. Morgan Stanley increased its position in shares of Sempra Energy by 1.9% during 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 period. Finally, JPMorgan Chase & Co. increased its position in shares of Sempra Energy by 2.0% during 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 period. Institutional investors own 80.80% 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.
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.