Sempra Energy (SRE) Earns Buy Rating from Analysts at UBS Group

Investment analysts at UBS Group assumed coverage on shares of Sempra Energy (NYSE:SRE) in a research report issued on Friday, www.benzinga.com reports. The firm set a “buy” rating and a $124.00 price target on the utilities provider’s stock. UBS Group’s price objective indicates a potential upside of 17.45% from the stock’s current price.

Other research analysts have also issued reports about the stock. Goldman Sachs Group raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. 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. Royal Bank of Canada reissued a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Wells Fargo & Co reissued a “buy” rating and set a $121.00 price target (down from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Hold” and a consensus price target of $121.89.

Sempra Energy (NYSE SRE) traded down $0.95 on Friday, hitting $105.58. 1,999,215 shares of the company were exchanged, compared to its average volume of 2,890,000. 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 one year low of $101.96 and a one year high of $122.97. The company has a market capitalization of $26,540.00, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.18 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the firm earned $1.02 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. analysts predict that Sempra Energy will post 5.26 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Capital International Investors raised its position in Sempra Energy by 14.8% in the third quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock worth $1,308,797,000 after acquiring an additional 1,474,282 shares during the period. Parnassus Investments CA raised its position in Sempra Energy by 8.0% in the third quarter. Parnassus Investments CA now owns 3,602,061 shares of the utilities provider’s stock worth $411,103,000 after acquiring an additional 265,851 shares during the period. Bank of New York Mellon Corp raised its position in Sempra Energy by 7.3% in the third quarter. Bank of New York Mellon Corp now owns 2,360,290 shares of the utilities provider’s stock worth $269,381,000 after acquiring an additional 161,370 shares during the period. Legal & General Group Plc raised its position in Sempra Energy by 4.9% in the third quarter. Legal & General Group Plc now owns 1,951,414 shares of the utilities provider’s stock worth $222,716,000 after acquiring an additional 91,121 shares during the period. Finally, Cohen & Steers Inc. raised its position in Sempra Energy by 12.5% in the third quarter. Cohen & Steers Inc. now owns 1,598,021 shares of the utilities provider’s stock worth $182,382,000 after acquiring an additional 177,247 shares during the period. 73.58% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/03/sempra-energy-sre-earns-buy-rating-from-analysts-at-ubs-group.html.

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)

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.

Leave a Reply