Bank of America cut shares of Sempra Energy (NYSE:SRE) to a hold rating in a research note issued to investors on Thursday. They currently have $112.00 price objective on the utilities provider’s stock.
A number of other analysts also recently issued reports on SRE. Wells Fargo & Co lowered their target price on Sempra Energy from $130.00 to $128.00 and set an outperform rating on the stock in a research report on Tuesday, October 10th. Goldman Sachs Group raised Sempra Energy from a neutral rating to a buy rating and lifted their target price for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. JPMorgan Chase & Co. lowered their target price on Sempra Energy from $126.00 to $125.00 and set a neutral rating on the stock in a research report on Thursday, October 12th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $123.11.
Sempra Energy (NYSE SRE) traded up $0.08 during trading hours on Thursday, hitting $107.08. The company had a trading volume of 1,274,000 shares, compared to its average volume of 1,161,084. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $27,073.70, a P/E ratio of 23.74, a P/E/G ratio of 2.31 and a beta of 0.61. Sempra Energy has a twelve month low of $99.71 and a twelve month high of $122.97.
Sempra Energy (NYSE:SRE) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.04. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. Sempra Energy’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share. research analysts anticipate that Sempra Energy will post 5.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, December 28th. Sempra Energy’s payout ratio is currently 72.95%.
A number of institutional investors have recently bought and sold shares of SRE. Bronfman E.L. Rothschild L.P. grew its holdings in Sempra Energy by 27.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 202 shares during the period. WESPAC Advisors SoCal LLC grew its holdings in Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 9 shares during the period. Fieldpoint Private Securities LLC bought a new position in Sempra Energy during the third quarter worth about $153,000. Rocky Mountain Advisers LLC bought a new position in Sempra Energy during the third quarter worth about $183,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Sempra Energy during the second quarter worth about $186,000. Institutional investors and hedge funds own 80.56% of the company’s stock.
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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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