Morgan Stanley set a $120.00 price target on Sempra Energy (NYSE:SRE) in a research report released on Friday morning, MarketBeat reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other brokerages also recently commented on SRE. Bank of America raised their price objective on Sempra Energy from $111.00 to $118.00 and gave the stock a neutral rating in a research report on Tuesday, June 12th. Wells Fargo & Co downgraded Sempra Energy from an outperform rating to a market perform rating and raised their price objective for the stock from $118.00 to $123.00 in a research report on Tuesday, June 12th. ValuEngine upgraded Sempra Energy from a sell rating to a hold rating in a research report on Monday, June 11th. Argus raised their target price on Sempra Energy to $130.00 and gave the stock a buy rating in a research report on Monday, July 9th. Finally, JPMorgan Chase & Co. set a $110.00 target price on Sempra Energy and gave the stock a hold rating in a research report on Monday, July 30th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $122.56.

Shares of SRE stock traded down $0.29 during mid-day trading on Friday, reaching $114.44. The stock had a trading volume of 1,464,842 shares, compared to its average volume of 1,749,357. The company has a current ratio of 0.58, a quick ratio of 0.34 and a debt-to-equity ratio of 1.28. Sempra Energy has a one year low of $100.49 and a one year high of $122.97. The company has a market capitalization of $31.47 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.67 and a beta of 0.42.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.17. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company earned $1.10 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. sell-side analysts predict that Sempra Energy will post 5.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, July 15th. Investors of record on Monday, July 2nd were given a dividend of $0.895 per share. The ex-dividend date was Friday, June 29th. This represents a $3.58 annualized dividend and a dividend yield of 3.13%. Sempra Energy’s dividend payout ratio (DPR) is presently 66.05%.

Several institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Asset Management Company LTD raised its position in Sempra Energy by 1.4% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock valued at $3,950,000 after purchasing an additional 460 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Sempra Energy by 1.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock valued at $4,813,000 after purchasing an additional 496 shares during the last quarter. Flinton Capital Management LLC raised its position in Sempra Energy by 7.3% in the 1st quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 504 shares during the last quarter. TRUE Private Wealth Advisors raised its position in Sempra Energy by 15.3% in the 2nd quarter. TRUE Private Wealth Advisors now owns 3,978 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 529 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in Sempra Energy by 9.0% in the 2nd quarter. Wetherby Asset Management Inc. now owns 6,611 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 546 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Sempra Energy Company Profile

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.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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