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.

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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.

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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