Sempra Energy’s (SRE) “Buy” Rating Reiterated at Guggenheim
Several other equities analysts have also recently issued reports on SRE. Zacks Investment Research upgraded Sempra Energy from a sell rating to a hold rating in a research report on Friday, October 28th. Argus reiterated a buy rating on shares of Sempra Energy in a research report on Tuesday, September 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $112.89.
Sempra Energy (NYSE:SRE) opened at 99.67 on Monday. The firm has a market capitalization of $24.96 billion, a PE ratio of 18.50 and a beta of 0.52. The company has a 50-day moving average price of $105.04 and a 200-day moving average price of $107.12. Sempra Energy has a 12-month low of $86.72 and a 12-month high of $114.66.
Sempra Energy (NYSE:SRE) last released its earnings results on Wednesday, November 2nd. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Sempra Energy had a return on equity of 9.41% and a net margin of 13.24%. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Sempra Energy will post $4.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Thursday, September 29th were paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, September 27th. Sempra Energy’s payout ratio is currently 57.41%.
Large investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd raised its position in shares of Sempra Energy by 200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 900 shares of the company’s stock worth $103,000 after buying an additional 600 shares in the last quarter. Riggs Asset Managment Co. Inc. acquired a new position in shares of Sempra Energy during the second quarter worth $114,000. Cantab Capital Partners LLP acquired a new position in shares of Sempra Energy during the second quarter worth $126,000. Pinkerton Retirement Specialists LLC acquired a new position in shares of Sempra Energy during the second quarter worth $128,000. Finally, FineMark National Bank & Trust raised its position in shares of Sempra Energy by 4.3% in the second quarter. FineMark National Bank & Trust now owns 1,134 shares of the company’s stock worth $129,000 after buying an additional 47 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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