Sempra Energy (NYSE:SRE) has earned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $124.22.

Several research analysts recently commented on SRE shares. Goldman Sachs Group, Inc. (The) raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $129.00 in a research note on Wednesday, October 11th. 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. BidaskClub raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reduced their price target on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th.

Institutional investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. grew its holdings in Sempra Energy by 27.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 202 shares in the last quarter. Grove Bank & Trust grew its holdings in Sempra Energy by 38.3% during the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 286 shares in the last quarter. WESPAC Advisors SoCal LLC grew its holdings in Sempra Energy by 0.7% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 9 shares in the last quarter. Parallel Advisors LLC grew its holdings in Sempra Energy by 49.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 436 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Sempra Energy during the 1st quarter worth about $170,000. Institutional investors own 80.64% of the company’s stock.

Shares of Sempra Energy (SRE) traded up 0.04% during midday trading on Friday, reaching $114.13. 1,235,509 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’s 50 day moving average is $115.83 and its 200-day moving average is $114.36. The stock has a market cap of $28.66 billion, a PE ratio of 16.88 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. On average, equities analysts expect that Sempra Energy will post $5.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, September 21st. Sempra Energy’s payout ratio is 48.74%.

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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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