Wall Street analysts expect Sempra Energy (NYSE:SRE) to announce $1.54 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sempra Energy’s earnings. The lowest EPS estimate is $1.35 and the highest is $1.62. Sempra Energy reported earnings of $1.56 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The company is expected to issue its next quarterly earnings report on Tuesday, February 25th.
On average, analysts expect that Sempra Energy will report full-year earnings of $6.13 per share for the current financial year, with EPS estimates ranging from $5.89 to $6.30. For the next financial year, analysts forecast that the business will post earnings of $6.90 per share, with EPS estimates ranging from $6.37 to $7.11. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Sempra Energy.
Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year.
A number of brokerages recently issued reports on SRE. UBS Group boosted their price target on Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a report on Friday, September 6th. Wells Fargo & Co boosted their price target on Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Barclays began coverage on Sempra Energy in a report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price target for the company. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price target for the company in a report on Tuesday, October 15th. Finally, Morgan Stanley boosted their price target on Sempra Energy from $152.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Sempra Energy presently has a consensus rating of “Buy” and an average price target of $151.27.
In related news, Director Andres Conesa bought 2,000 shares of the stock in a transaction on Friday, November 22nd. The stock was bought at an average price of $147.26 per share, for a total transaction of $294,520.00. Following the completion of the acquisition, the director now directly owns 4,749 shares in the company, valued at $699,337.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. increased its position in shares of Sempra Energy by 1.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock valued at $21,006,000 after acquiring an additional 2,796 shares during the period. Westside Investment Management Inc. purchased a new stake in Sempra Energy in the second quarter valued at $41,000. Ballentine Partners LLC boosted its holdings in Sempra Energy by 18.3% in the second quarter. Ballentine Partners LLC now owns 2,912 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 450 shares during the last quarter. Creative Planning boosted its holdings in Sempra Energy by 12.5% in the second quarter. Creative Planning now owns 27,102 shares of the utilities provider’s stock valued at $3,725,000 after purchasing an additional 3,015 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its stake in shares of Sempra Energy by 6.0% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 10,682 shares of the utilities provider’s stock worth $1,468,000 after acquiring an additional 600 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:SRE traded up $0.01 during trading hours on Friday, hitting $145.85. 87,721 shares of the company’s stock traded hands, compared to its average volume of 1,214,332. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.39 and a quick ratio of 0.36. The firm has a market capitalization of $41.11 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.09 and a beta of 0.41. The business has a fifty day moving average price of $145.71 and a 200-day moving average price of $140.93. Sempra Energy has a 1 year low of $104.88 and a 1 year high of $148.90.
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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