Wells Fargo & Co reaffirmed their buy rating on shares of Sempra Energy (NYSE:SRE) in a research note published on Wednesday. The firm currently has a $121.00 price objective on the utilities provider’s stock, down from their prior price objective of $130.00.

Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of Sempra Energy from a buy rating to a hold rating and set a $112.00 target price on the stock. in a report on Thursday, December 28th. JPMorgan Chase & Co. reduced their target price on shares of Sempra Energy from $126.00 to $125.00 and set a neutral rating on the stock in a report on Thursday, October 12th. Royal Bank of Canada reissued a buy rating on shares of Sempra Energy in a report on Tuesday, November 7th. Finally, Goldman Sachs Group raised shares of Sempra Energy from a neutral rating to a buy rating and boosted their target price for the stock from $117.00 to $129.00 in a report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sempra Energy has a consensus rating of Buy and a consensus target price of $122.33.

Sempra Energy (NYSE SRE) traded up $1.03 during mid-day trading on Wednesday, reaching $108.45. 12,566,805 shares of the company were exchanged, compared to its average volume of 1,713,145. The firm has a market cap of $27,259.78, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. Sempra Energy has a twelve month low of $99.71 and a twelve month high of $122.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. analysts predict that Sempra Energy will post 5.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders 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 3.03%. The ex-dividend date is Thursday, December 28th. Sempra Energy’s payout ratio is 72.95%.

Large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 202 shares during the last quarter. WESPAC Advisors SoCal LLC boosted its stake in shares of Sempra Energy by 0.7% in 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. Fieldpoint Private Securities LLC bought a new stake in shares of Sempra Energy in the 3rd quarter valued at $153,000. Rocky Mountain Advisers LLC bought a new stake in shares of Sempra Energy in the 3rd quarter valued at $183,000. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Sempra Energy in the 2nd quarter valued at $186,000. 80.56% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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