Press coverage about Sempra Energy (NYSE:SRE) has been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sempra Energy earned a daily sentiment score of 0.03 on AlphaOne’s scale. AlphaOne also assigned media headlines about the utilities provider an impact score of 97 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Sempra Energy (NYSE:SRE) traded up 0.20% during trading on Friday, reaching $112.52. The company had a trading volume of 1,471,345 shares. The company has a 50 day moving average price of $110.61 and a 200 day moving average price of $104.62. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $114.66. The company has a market capitalization of $28.19 billion, a PE ratio of 20.61 and a beta of 0.47.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Tuesday, February 28th. The utilities provider reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.84 billion. Sempra Energy had a return on equity of 9.41% and a net margin of 13.24%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. On average, equities analysts forecast that Sempra Energy will post $5.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, April 15th. Shareholders of record on Thursday, March 23rd were given a dividend of $0.8225 per share. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.76. The ex-dividend date was Tuesday, March 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.92%. Sempra Energy’s payout ratio is 57.41%.
A number of equities analysts have recently weighed in on SRE shares. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Barclays PLC upped their target price on Sempra Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $113.62.
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In related news, insider Steven D. Davis sold 2,233 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $105.00, for a total transaction of $234,465.00. Following the transaction, the insider now directly owns 20,567 shares of the company’s stock, valued at approximately $2,159,535. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Ouchi sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $108.92, for a total value of $544,600.00. Following the transaction, the director now directly owns 21,247 shares in the company, valued at $2,314,223.24. The disclosure for this sale can be found here. Insiders have sold a total of 46,267 shares of company stock worth $4,884,427 in the last ninety days. Insiders own 0.16% of the company’s stock.
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.
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