Sempra Energy (NYSE:SRE)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday, November 7th.
Several other research analysts have also weighed in on SRE. J P Morgan Chase & Co raised their price objective on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Bank of America Corporation started coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target for the company. Goldman Sachs Group, Inc. (The) raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Wells Fargo & Company reduced their target price on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Finally, Morgan Stanley boosted their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $124.56.
Sempra Energy (NYSE SRE) opened at $119.51 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. The firm has a market cap of $30,006.29, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.63 and a beta of 0.62. Sempra Energy has a one year low of $98.12 and a one year high of $122.97.
Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm posted $1.02 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts expect that Sempra Energy will post 5.24 EPS for the current year.
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Institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Sempra Energy by 27.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after buying an additional 202 shares during the last quarter. Grove Bank & Trust raised its stake in Sempra Energy by 38.3% during the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 286 shares during the last quarter. WESPAC Advisors SoCal LLC raised its stake in Sempra Energy by 0.7% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares during the last quarter. Parallel Advisors LLC raised its stake in Sempra Energy by 49.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 436 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in Sempra Energy during the 3rd quarter valued at $153,000. Institutional investors and hedge funds own 80.62% 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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