Shares of Sempra Energy (NYSE:SRE) have been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $122.67.
A number of brokerages recently weighed in on SRE. BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 price objective on shares of Sempra Energy in a research report on Wednesday, May 10th. Morgan Stanley raised their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Finally, Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a research report on Thursday, June 8th.
A number of large investors have recently added to or reduced their stakes in SRE. Bronfman E.L. Rothschild L.P. boosted its stake in 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 worth $105,000 after buying an additional 202 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock worth $107,000 after buying an additional 6 shares during the period. Grove Bank & Trust boosted its stake in Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock worth $116,000 after buying an additional 286 shares during the period. WESPAC Advisors SoCal LLC boosted its stake in Sempra Energy by 0.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after buying an additional 9 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Sempra Energy by 49.7% in the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after buying an additional 436 shares during the period. Institutional investors own 81.19% of the company’s stock.
Sempra Energy (NYSE:SRE) traded up 0.01% during trading on Friday, hitting $117.94. The stock had a trading volume of 439,342 shares. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $119.66. The stock has a market capitalization of $29.61 billion, a PE ratio of 17.44 and a beta of 0.55. The stock’s 50-day moving average is $115.84 and its 200-day moving average is $112.82.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts predict that Sempra Energy will post $5.22 earnings per share for the current fiscal year.
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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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