Sempra Energy (SRE) Receives Consensus Recommendation of “Buy” from Analysts
Sempra Energy (NYSE:SRE) has received a consensus rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $125.50.
A number of research firms recently issued reports on SRE. Royal Bank Of Canada restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co boosted their target price on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley lifted 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.
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Several hedge funds and other institutional investors have recently bought and sold shares of SRE. Dimensional Fund Advisors LP lifted its position in shares of Sempra Energy by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 405,857 shares of the utilities provider’s stock worth $44,846,000 after purchasing an additional 8,145 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Sempra Energy by 27.5% during the second quarter. Nisa Investment Advisors LLC now owns 65,285 shares of the utilities provider’s stock worth $7,377,000 after purchasing an additional 14,100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Sempra Energy by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the utilities provider’s stock worth $1,759,000 after purchasing an additional 200 shares in the last quarter. Aperio Group LLC lifted its position in shares of Sempra Energy by 22.8% during the second quarter. Aperio Group LLC now owns 132,694 shares of the utilities provider’s stock worth $14,961,000 after purchasing an additional 24,660 shares in the last quarter. Finally, Searle & CO. acquired a new position in shares of Sempra Energy during the second quarter worth $338,000. 80.58% of the stock is currently owned by institutional investors and hedge funds.
Sempra Energy (NYSE:SRE) traded down $1.82 during trading hours on Thursday, reaching $120.41. 1,900,500 shares of the company’s stock traded hands, compared to its average volume of 1,110,265. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. Sempra Energy has a 52-week low of $96.53 and a 52-week high of $122.97. The stock has a market cap of $30,689.22, a P/E ratio of 22.64, a P/E/G ratio of 2.69 and a beta of 0.62.
Sempra Energy (NYSE:SRE) last posted its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.02 EPS. sell-side analysts predict that Sempra Energy will post 5.24 EPS for the current year.
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.
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