Sempra Energy (NYSE:SRE) had its price objective boosted by research analysts at Morgan Stanley from $132.00 to $142.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 5.69% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Argus lifted their target price on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Co lifted their target price on shares of Sempra Energy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $131.57.
Shares of SRE stock opened at $134.35 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15. Sempra Energy has a 12 month low of $100.49 and a 12 month high of $135.91. The stock has a market cap of $36.86 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.85 and a beta of 0.52.
Sempra Energy (NYSE:SRE) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.23. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Sempra Energy’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Sempra Energy will post 6.02 EPS for the current fiscal year.
In other Sempra Energy news, insider Joseph A. Householder sold 50,400 shares of Sempra Energy stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $134.80, for a total transaction of $6,793,920.00. Following the completion of the sale, the insider now directly owns 55,115 shares in the company, valued at $7,429,502. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP G Joyce Rowland sold 2,393 shares of Sempra Energy stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $120.86, for a total transaction of $289,217.98. Following the sale, the vice president now owns 12,461 shares of the company’s stock, valued at $1,506,036.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,516 shares of company stock valued at $7,825,683. Company insiders own 0.13% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in SRE. Vanguard Group Inc increased its position in shares of Sempra Energy by 5.0% during the third quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after acquiring an additional 997,607 shares during the last quarter. Winslow Evans & Crocker Inc. grew its holdings in shares of Sempra Energy by 3,125.6% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 2,774 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 2,688 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Sempra Energy by 20.5% in the fourth quarter. IFM Investors Pty Ltd now owns 15,636 shares of the utilities provider’s stock valued at $1,692,000 after purchasing an additional 2,661 shares in the last quarter. Andesa Financial Management Inc. acquired a new position in shares of Sempra Energy in the fourth quarter valued at approximately $224,000. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of Sempra Energy by 2.1% in the fourth quarter. Sumitomo Life Insurance Co. now owns 15,712 shares of the utilities provider’s stock valued at $1,700,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.
About Sempra Energy
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 generates, transmits, and distributes electricity; and supplies natural gas.
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