Evercore ISI reissued their buy rating on shares of Sempra Energy (NYSE:SRE) in a research note published on Wednesday morning, AnalystRatings.com reports. They currently have a $160.00 target price on the utilities provider’s stock.
Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Sempra Energy from $136.00 to $148.00 and gave the company a neutral rating in a report on Monday, October 14th. Barclays began coverage on Sempra Energy in a report on Tuesday, August 13th. They set an equal weight rating and a $142.00 price objective for the company. ValuEngine downgraded Sempra Energy from a buy rating to a hold rating in a report on Saturday, September 14th. Zacks Investment Research upgraded Sempra Energy from a sell rating to a hold rating and set a $154.00 price objective for the company in a report on Tuesday, October 15th. Finally, UBS Group boosted their price objective on Sempra Energy from $156.00 to $162.00 and gave the company a buy rating in a report on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $151.27.
Shares of NYSE SRE traded up $0.66 during midday trading on Wednesday, hitting $146.13. 1,286,854 shares of the stock traded hands, compared to its average volume of 1,964,287. The company has a market cap of $41.01 billion, a PE ratio of 26.24, a P/E/G ratio of 3.16 and a beta of 0.41. Sempra Energy has a one year low of $104.88 and a one year high of $148.90. The business has a 50 day moving average price of $145.17 and a two-hundred day moving average price of $138.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.39.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.93 billion. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. As a group, equities research analysts forecast that Sempra Energy will post 6.09 EPS for the current fiscal year.
In related news, COO Joseph A. Householder sold 14,304 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the completion of the sale, the chief operating officer now owns 45,991 shares in the company, valued at $6,586,371.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.
Large investors have recently made changes to their positions in the business. Mn Services Vermogensbeheer B.V. grew its stake in Sempra Energy by 0.7% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 140,411 shares of the utilities provider’s stock valued at $19,298,000 after purchasing an additional 1,000 shares during the period. Assetmark Inc. grew its stake in Sempra Energy by 83.3% in the 2nd quarter. Assetmark Inc. now owns 372 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 169 shares during the period. Meeder Asset Management Inc. bought a new position in Sempra Energy in the 2nd quarter valued at $47,000. National Pension Service grew its stake in Sempra Energy by 6.3% in the 2nd quarter. National Pension Service now owns 290,084 shares of the utilities provider’s stock valued at $39,869,000 after purchasing an additional 17,229 shares during the period. Finally, Dupont Capital Management Corp grew its stake in Sempra Energy by 53.7% in the 2nd quarter. Dupont Capital Management Corp now owns 14,594 shares of the utilities provider’s stock valued at $2,006,000 after purchasing an additional 5,100 shares during the period. Hedge funds and other institutional investors own 90.34% of the company’s stock.
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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