Sempra Energy (NYSE:SRE) had its price objective upped by Bank of America from $118.00 to $121.00 in a research report report published on Tuesday. They currently have a neutral rating on the utilities provider’s stock.

SRE has been the topic of a number of other research reports. Argus raised shares of Sempra Energy from a hold rating to a buy rating in a research note on Friday, June 1st. JPMorgan Chase & Co. lowered their target price on shares of Sempra Energy from $112.00 to $105.00 and set a neutral rating on the stock in a research note on Monday, June 4th. ValuEngine cut shares of Sempra Energy from a hold rating to a sell rating in a research note on Friday, May 18th. Wells Fargo & Co cut shares of Sempra Energy from an outperform rating to a market perform rating and upped their target price for the company from $118.00 to $123.00 in a research note on Tuesday, June 12th. Finally, Zacks Investment Research cut shares of Sempra Energy from a buy rating to a hold rating in a research note on Tuesday, April 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sempra Energy presently has a consensus rating of Buy and a consensus price target of $124.11.

Sempra Energy traded down $0.82, reaching $115.15, on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 12,214 shares, compared to its average volume of 2,009,815. The stock has a market cap of $30.85 billion, a P/E ratio of 21.36, a PEG ratio of 2.71 and a beta of 0.42. Sempra Energy has a 52 week low of $100.49 and a 52 week high of $122.97. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.26.

Sempra Energy (NYSE:SRE) last posted its earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a net margin of 1.45% and a return on equity of 8.30%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. research analysts anticipate that Sempra Energy will post 5.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 15th. Shareholders of record on Monday, July 2nd were paid a dividend of $0.895 per share. The ex-dividend date was Friday, June 29th. This represents a $3.58 annualized dividend and a yield of 3.11%. Sempra Energy’s dividend payout ratio is 66.05%.

A number of institutional investors have recently modified their holdings of SRE. Summit Trail Advisors LLC grew its stake in Sempra Energy by 11,368.8% during the first quarter. Summit Trail Advisors LLC now owns 1,295,974 shares of the utilities provider’s stock worth $1,296,000 after buying an additional 1,284,674 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Sempra Energy by 186.1% during the first quarter. Neuberger Berman Group LLC now owns 1,963,575 shares of the utilities provider’s stock worth $218,389,000 after buying an additional 1,277,193 shares during the last quarter. BlackRock Inc. grew its stake in Sempra Energy by 2.5% during the first quarter. BlackRock Inc. now owns 21,157,486 shares of the utilities provider’s stock worth $2,353,137,000 after buying an additional 525,987 shares during the last quarter. Pendal Group Ltd lifted its position in shares of Sempra Energy by 51.4% during the first quarter. Pendal Group Ltd now owns 1,105,817 shares of the utilities provider’s stock worth $122,989,000 after purchasing an additional 375,415 shares in the last quarter. Finally, RNC Capital Management LLC lifted its position in shares of Sempra Energy by 9,026.3% during the second quarter. RNC Capital Management LLC now owns 248,782 shares of the utilities provider’s stock worth $28,886,000 after purchasing an additional 246,056 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

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 engages in the generation, transmission, and distribution of electricity.

Further Reading: Earnings Per Share (EPS)

Analyst Recommendations for Sempra Energy (NYSE:SRE)

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.