Sempra Energy (NYSE:SRE) has received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $137.14.
A number of brokerages have issued reports on SRE. Morgan Stanley set a $123.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wells Fargo & Co increased their price target on Sempra Energy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. KeyCorp assumed coverage on Southern in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Argus increased their price objective on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th.
In other Sempra Energy news, insider Joseph A. Householder sold 50,400 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $134.80, for a total transaction of $6,793,920.00. Following the completion of the transaction, the insider now owns 55,115 shares of the company’s stock, valued at approximately $7,429,502. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Schenk sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $644,600.00. Following the completion of the transaction, the director now directly owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The disclosure for this sale can be found here. Insiders have sold a total of 65,515 shares of company stock valued at $8,793,584 in the last three months. Insiders own 0.13% of the company’s stock.
Several large investors have recently made changes to their positions in SRE. CENTRAL TRUST Co raised its position in Sempra Energy by 22.3% in the 2nd quarter. CENTRAL TRUST Co now owns 14,939 shares of the utilities provider’s stock worth $2,097,000 after purchasing an additional 2,724 shares during the period. Patten Group Inc. purchased a new stake in Sempra Energy in the 2nd quarter worth about $216,000. Lodestar Investment Counsel LLC IL purchased a new stake in Sempra Energy in the 2nd quarter worth about $206,000. CHURCHILL MANAGEMENT Corp raised its position in Sempra Energy by 258.9% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 7,466 shares of the utilities provider’s stock worth $1,026,000 after purchasing an additional 5,386 shares during the period. Finally, PFS Investments Inc. raised its position in Sempra Energy by 124.6% in the 2nd quarter. PFS Investments Inc. now owns 16,375 shares of the utilities provider’s stock worth $2,266,000 after purchasing an additional 9,084 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
SRE stock traded down $0.50 during trading on Tuesday, reaching $139.89. The company’s stock had a trading volume of 1,124,952 shares, compared to its average volume of 1,179,570. Sempra Energy has a 1 year low of $104.88 and a 1 year high of $141.86. The company has a quick ratio of 0.36, a current ratio of 0.38 and a debt-to-equity ratio of 1.15. The firm has a market cap of $38.38 billion, a P/E ratio of 25.11, a P/E/G ratio of 2.99 and a beta of 0.46. The company has a fifty day moving average price of $136.44.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.23. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Sempra Energy’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that Sempra Energy will post 6.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.9675 per share. This represents a $3.87 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 3rd. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.
Sempra Energy Company Profile
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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