News stories about Sempra Energy (NYSE:SRE) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sempra Energy earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 69 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Sempra Energy (NYSE:SRE) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Bank Of Montreal Is A Good Conservative Bank – Cramer’s Lightning Round (7/13/17) – Seeking Alpha (seekingalpha.com)
- Investors Swarm in on Sempra Energy (NYSE:SRE) and Pioneer Natural Resources Company (NYSE:PXD) Shares – FLBC News (flbcnews.com)
- Sempra Energy (SRE) IEnova Unit Secures $155M Liquid Fuels Project In Veracruz – StreetInsider.com (streetinsider.com)
- (SRE) Shares now up at $111.50 Sempra Energy’s IEnova Unit Awarded $155… (highlightpress.com)
Shares of Sempra Energy (NYSE:SRE) traded down 0.29% during mid-day trading on Monday, hitting $111.82. The company had a trading volume of 274,548 shares. The firm has a 50-day moving average price of $114.20 and a 200 day moving average price of $108.83. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97. The firm has a market capitalization of $28.05 billion, a P/E ratio of 19.24 and a beta of 0.54.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.15. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Sempra Energy had a return on equity of 9.06% and a net margin of 13.77%. Sempra Energy’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. On average, equities research analysts forecast that Sempra Energy will post $5.10 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were issued a dividend of $0.8225 per share. The ex-dividend date was Wednesday, July 5th. This represents a $3.29 annualized dividend and a yield of 2.94%. Sempra Energy’s dividend payout ratio is presently 56.92%.
A number of research firms have recently commented on SRE. UBS AG restated a “buy” rating and issued a $128.00 price objective (up from $124.00) on shares of Sempra Energy in a research report on Tuesday, April 18th. BidaskClub cut Sempra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a research report on Thursday, June 8th. BMO Capital Markets restated a “hold” rating and issued a $115.00 price objective on shares of Sempra Energy in a research report on Wednesday, May 10th. Finally, Morgan Stanley cut their price objective on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Sempra Energy has a consensus rating of “Hold” and a consensus price target of $121.00.
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In related news, CEO Debra L. Reed sold 23,000 shares of Sempra Energy stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the transaction, the chief executive officer now directly owns 112,345 shares of the company’s stock, valued at $12,743,293.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
About Sempra Energy
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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