Sempra Energy (NYSE:SRE) updated its FY 2020
After-Hours earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.20-7.80 for the period, compared to the Thomson Reuters consensus estimate of $7.35.
Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Sempra Energy from $138.00 to $140.00 and gave the company an equal weight rating in a report on Wednesday, June 17th. UBS Group lifted their price objective on shares of Sempra Energy from $160.00 to $173.00 and gave the company a buy rating in a report on Friday, June 5th. Seaport Global Securities initiated coverage on shares of Sempra Energy in a report on Monday, June 15th. They set a buy rating and a $142.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of Sempra Energy from $139.00 to $136.00 and set a neutral rating for the company in a research note on Wednesday, May 27th. Finally, BMO Capital Markets raised their target price on shares of Sempra Energy from $127.00 to $130.00 and gave the company a market perform rating in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Sempra Energy presently has a consensus rating of Buy and a consensus target price of $147.75.
Shares of NYSE:SRE traded down $0.89 on Tuesday, hitting $117.23. 1,744,049 shares of the company were exchanged, compared to its average volume of 2,341,280. Sempra Energy has a 1-year low of $88.00 and a 1-year high of $161.87. The stock’s 50 day moving average price is $123.78 and its 200 day moving average price is $134.95. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $32.94 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.74.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $3.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.82. Sempra Energy had a net margin of 22.32% and a return on equity of 11.30%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Sempra Energy will post 7.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $4.18 annualized dividend and a dividend yield of 3.57%. Sempra Energy’s payout ratio is currently 61.65%.
In related news, CFO Trevor I. Mihalik sold 10,281 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $124.16, for a total transaction of $1,276,488.96. Following the completion of the transaction, the chief financial officer now directly owns 15,464 shares in the company, valued at $1,920,010.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.
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