Sempra Energy (NYSE:SRE) has earned a consensus recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $125.50.
A number of brokerages have recently weighed in on SRE. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co boosted 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 began coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price objective for the company. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $117.00 to $129.00 in a report on Wednesday, October 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th.
A number of large investors have recently bought and sold shares of SRE. Capital International Investors raised its holdings in Sempra Energy by 14.8% during the 3rd quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock valued at $1,308,797,000 after buying an additional 1,474,282 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Sempra Energy by 240.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock valued at $144,664,000 after buying an additional 905,963 shares during the last quarter. BT Investment Management Ltd bought a new stake in Sempra Energy during the 2nd quarter valued at $85,559,000. Janus Henderson Group PLC raised its holdings in Sempra Energy by 1,806.5% during the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after buying an additional 573,891 shares during the last quarter. Finally, CI Investments Inc. raised its holdings in Sempra Energy by 125.3% during the 2nd quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after buying an additional 514,100 shares during the last quarter. Institutional investors own 80.62% of the company’s stock.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.04. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. equities research analysts forecast that Sempra Energy will post 5.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a yield of 2.82%. Sempra Energy’s dividend payout ratio is currently 72.95%.
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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.
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