A number of research firms have changed their ratings and price targets for Sempra Energy (NYSE: SRE):

  • 8/17/2018 – Sempra Energy had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 8/10/2018 – Sempra Energy is now covered by analysts at Morgan Stanley. They set a “weight” rating on the stock.
  • 8/10/2018 – Sempra Energy was given a new $120.00 price target on by analysts at Morgan Stanley. They now have an “equal weight” rating on the stock.
  • 8/7/2018 – Sempra Energy had its price target raised by analysts at Bank of America Corp from $118.00 to $121.00. They now have a “neutral” rating on the stock.
  • 7/30/2018 – Sempra Energy was given a new $110.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “hold” rating on the stock.
  • 7/9/2018 – Sempra Energy had its price target raised by analysts at Argus to $130.00. They now have a “buy” rating on the stock.

NYSE:SRE traded up $0.83 on Friday, hitting $116.85. 3,121,900 shares of the stock were exchanged, compared to its average volume of 2,355,265. The firm has a market capitalization of $31.29 billion, a PE ratio of 21.56, a P/E/G ratio of 2.65 and a beta of 0.42. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $122.97.

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

A number of large investors have recently made changes to their positions in SRE. Global X Management Co. LLC boosted its position in shares of Sempra Energy by 37.0% in the first quarter. Global X Management Co. LLC now owns 7,908 shares of the utilities provider’s stock worth $880,000 after buying an additional 2,137 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Sempra Energy by 12.8% in the first quarter. Daiwa Securities Group Inc. now owns 8,165 shares of the utilities provider’s stock worth $908,000 after buying an additional 924 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Sempra Energy by 91.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 6,197 shares of the utilities provider’s stock worth $689,000 after buying an additional 2,967 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Sempra Energy by 19.0% in the first quarter. Oppenheimer & Co. Inc. now owns 11,784 shares of the utilities provider’s stock worth $1,311,000 after buying an additional 1,880 shares during the period. Finally, Comerica Bank boosted its position in shares of Sempra Energy by 1.2% in the first quarter. Comerica Bank now owns 91,103 shares of the utilities provider’s stock worth $10,055,000 after buying an additional 1,044 shares during the period. Institutional investors own 89.33% of the company’s stock.

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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