Sempra Energy (NYSE:SRE)‘s stock had its “buy” rating restated by analysts at Wells Fargo & Co in a research note issued to investors on Wednesday. They presently have a $121.00 price target on the utilities provider’s stock, down from their prior price target of $130.00. Wells Fargo & Co’s price objective indicates a potential upside of 14.86% from the company’s current price.
SRE has been the subject of several other reports. Bank of America cut shares of Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 price objective for the company. in a research report on Thursday, December 28th. JPMorgan Chase & Co. decreased their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Finally, Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sempra Energy has an average rating of “Buy” and an average target price of $122.33.
Sempra Energy (SRE) traded down $1.57 during mid-day trading on Wednesday, hitting $105.35. 2,285,400 shares of the stock traded hands, compared to its average volume of 1,579,000. The company has a market capitalization of $27,030.00, a P/E ratio of 23.36, a P/E/G ratio of 2.15 and a beta of 0.62. Sempra Energy has a 12-month low of $99.71 and a 12-month high of $122.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36.
Institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Sempra Energy by 27.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after buying an additional 202 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its position in shares of Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Sempra Energy during the third quarter valued at about $153,000. Rocky Mountain Advisers LLC bought a new position in shares of Sempra Energy during the third quarter valued at about $183,000. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Sempra Energy during the second quarter valued at about $186,000. 80.56% 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.
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