Sempra Energy (NYSE:SRE) Stock Rating Reaffirmed by Royal Bank Of Canada

Sempra Energy (NYSE:SRE)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Tuesday, November 7th.

Several other brokerages also recently weighed in on SRE. BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Bank of America Corporation began coverage on Sempra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target for the company. J P Morgan Chase & Co raised their price target on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company dropped their price target on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $124.56.

Sempra Energy (NYSE SRE) traded up $0.04 during midday trading on Tuesday, reaching $118.70. The company had a trading volume of 306,613 shares, compared to its average volume of 1,300,000. The firm has a market capitalization of $29,800.00, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. Sempra Energy has a 1-year low of $98.12 and a 1-year high of $122.97. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the business posted $1.02 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. sell-side analysts anticipate that Sempra Energy will post 5.24 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 202 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares during the period. WESPAC Advisors SoCal LLC lifted its holdings in shares of Sempra Energy by 0.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after buying an additional 9 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Sempra Energy by 49.7% in the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after buying an additional 436 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Sempra Energy in the third quarter valued at $153,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.

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Sempra Energy Company Profile

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.

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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