Sempra Energy (SRE) Receives Average Recommendation of “Buy” from Analysts
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%.
COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/22/sempra-energy-sre-receives-average-recommendation-of-buy-from-analysts.html.
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.