Sempra Energy (NYSE:SRE) announced a quarterly dividend on Friday, December 15th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.8225 per share by the utilities provider on Monday, January 15th. This represents a $3.29 annualized dividend and a dividend yield of 2.84%.
Sempra Energy has raised its dividend by an average of 6.0% per year over the last three years and has raised its dividend every year for the last 6 years. Sempra Energy has a payout ratio of 62.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sempra Energy to earn $5.57 per share next year, which means the company should continue to be able to cover its $3.29 annual dividend with an expected future payout ratio of 59.1%.
Shares of Sempra Energy (SRE) traded up $0.54 during midday trading on Friday, hitting $115.78. 1,191,700 shares of the stock traded hands, compared to its average volume of 1,138,884. Sempra Energy has a 1-year low of $99.48 and a 1-year high of $122.97. The firm has a market capitalization of $28,934.18, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96.
SRE has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price target on the stock. J P Morgan Chase & Co boosted their price target on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Finally, Wells Fargo & Company lowered their price target on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $124.56.
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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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