Sempra Energy (NYSE:SRE) had its target price upped by J P Morgan Chase & Co from $123.00 to $124.00 in a research note issued on Wednesday. The brokerage currently has a “neutral” rating on the utilities provider’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 5.53% from the stock’s previous close.

SRE has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Morgan Stanley upped their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $124.20.

Shares of Sempra Energy (NYSE:SRE) traded down 0.89% during midday trading on Wednesday, hitting $116.45. The stock had a trading volume of 167,279 shares. The company’s 50 day moving average price is $115.35 and its 200-day moving average price is $114.65. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $120.17. The firm has a market capitalization of $29.24 billion, a PE ratio of 17.22 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.04. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. Sempra Energy’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 EPS. Equities analysts predict that Sempra Energy will post $5.22 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Sempra Energy by 25.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,114 shares of the utilities provider’s stock valued at $4,921,000 after acquiring an additional 8,639 shares during the period. Maple Brown Abbott Ltd raised its holdings in Sempra Energy by 5.9% in the 3rd quarter. Maple Brown Abbott Ltd now owns 669,165 shares of the utilities provider’s stock valued at $76,372,000 after acquiring an additional 37,400 shares during the period. Forsta AP Fonden raised its holdings in Sempra Energy by 18.1% in the 3rd quarter. Forsta AP Fonden now owns 261,422 shares of the utilities provider’s stock valued at $29,836,000 after acquiring an additional 40,100 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Sempra Energy by 2.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 359,839 shares of the utilities provider’s stock valued at $41,068,000 after acquiring an additional 8,280 shares during the period. Finally, Andra AP fonden raised its holdings in Sempra Energy by 8.8% in the 3rd quarter. Andra AP fonden now owns 34,600 shares of the utilities provider’s stock valued at $3,949,000 after acquiring an additional 2,800 shares during the period. 80.62% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Company Profile

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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