Sempra Energy (NYSE:SRE) PT Set at $120.00 by Morgan Stanley

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Sempra Energy (NYSE:SRE) received a $120.00 price target from equities research analysts at Morgan Stanley in a research report issued to clients and investors on Friday, August 10th, Marketbeat reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 2.57% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Sempra Energy from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Thursday, April 12th. Argus raised Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Monday, May 21st. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research note on Monday, May 7th. Scotiabank raised Sempra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, April 26th. Finally, Bank of America increased their price target on Sempra Energy from $111.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sempra Energy has a consensus rating of “Buy” and an average price target of $123.11.

Shares of Sempra Energy stock traded up $0.91 on Friday, hitting $116.99. The stock had a trading volume of 2,142,800 shares, compared to its average volume of 2,295,492. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.58. The company has a market capitalization of $31.74 billion, a P/E ratio of 21.57, a PEG ratio of 2.68 and a beta of 0.39. Sempra Energy has a 52-week low of $100.49 and a 52-week high of $122.97.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. analysts forecast that Sempra Energy will post 5.45 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in SRE. Squar Milner Financial Services LLC purchased a new position in Sempra Energy in the second quarter valued at about $105,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Sempra Energy during the first quarter valued at about $145,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Sempra Energy during the second quarter valued at about $185,000. Signaturefd LLC grew its stake in shares of Sempra Energy by 191.5% during the second quarter. Signaturefd LLC now owns 1,603 shares of the utilities provider’s stock valued at $186,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Sempra Energy during the second quarter valued at about $201,000. 88.27% of the stock is currently owned by institutional investors.

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 engages in the generation, transmission, and distribution of electricity.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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