Shares of Sempra Energy (NYSE:SRE) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $147.14.
A number of research analysts have recently issued reports on SRE shares. Mizuho boosted their price objective on Sempra Energy from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Monday, June 28th. BMO Capital Markets reduced their target price on Sempra Energy from $151.00 to $145.00 and set a “market perform” rating for the company in a report on Friday, June 25th. Morgan Stanley dropped their price objective on Sempra Energy from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Friday, September 17th. Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research note on Wednesday, June 30th. Finally, The Goldman Sachs Group downgraded Sempra Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday.
Shares of SRE opened at $126.85 on Monday. The company has a market capitalization of $40.51 billion, a PE ratio of 18.44, a PEG ratio of 3.33 and a beta of 0.64. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.91. The stock’s 50-day moving average price is $130.87 and its two-hundred day moving average price is $133.81. Sempra Energy has a 12 month low of $114.66 and a 12 month high of $144.93.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, September 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, September 23rd. This represents a $4.40 annualized dividend and a dividend yield of 3.47%. Sempra Energy’s dividend payout ratio is currently 54.79%.
Institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Sempra Energy by 2.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 27,107,579 shares of the utilities provider’s stock valued at $3,591,212,000 after acquiring an additional 669,256 shares during the last quarter. Vanguard Group Inc. increased its stake in Sempra Energy by 5.1% in the second quarter. Vanguard Group Inc. now owns 26,807,489 shares of the utilities provider’s stock valued at $3,551,456,000 after acquiring an additional 1,309,657 shares during the last quarter. BlackRock Inc. increased its stake in Sempra Energy by 6.2% in the second quarter. BlackRock Inc. now owns 25,918,298 shares of the utilities provider’s stock valued at $3,433,657,000 after acquiring an additional 1,502,069 shares during the last quarter. Capital International Investors increased its stake in Sempra Energy by 5.1% in the second quarter. Capital International Investors now owns 21,204,607 shares of the utilities provider’s stock valued at $2,809,426,000 after acquiring an additional 1,031,672 shares during the last quarter. Finally, State Street Corp increased its stake in Sempra Energy by 4.6% in the second quarter. State Street Corp now owns 16,911,861 shares of the utilities provider’s stock valued at $2,240,483,000 after acquiring an additional 748,608 shares during the last quarter. 83.50% of the stock is currently owned by hedge funds and other institutional investors.
About Sempra Energy
Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.
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