Shares of Sempra Energy (NYSE:SRE) have earned a consensus rating of “Buy” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $147.75.

SRE has been the subject of a number of research reports. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research report on Monday, May 4th. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Monday, April 13th. Morgan Stanley boosted their price target on Sempra Energy from $138.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 17th. BMO Capital Markets boosted their price target on Sempra Energy from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Cfra raised Sempra Energy from a “buy” rating to a “strong-buy” rating and reduced their price target for the stock from $162.00 to $120.00 in a research report on Wednesday, March 18th.

In related news, CFO Trevor I. Mihalik sold 10,281 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $124.16, for a total transaction of $1,276,488.96. Following the transaction, the chief financial officer now directly owns 15,464 shares in the company, valued at $1,920,010.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SRE. Atlas Private Wealth Management bought a new position in Sempra Energy during the fourth quarter valued at about $30,000. Westside Investment Management Inc. bought a new stake in shares of Sempra Energy in the 1st quarter valued at approximately $33,000. Pearl River Capital LLC bought a new stake in shares of Sempra Energy in the 1st quarter valued at approximately $34,000. Hall Laurie J Trustee bought a new stake in shares of Sempra Energy in the 4th quarter valued at approximately $39,000. Finally, Horrell Capital Management Inc. bought a new stake in shares of Sempra Energy in the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 83.73% of the company’s stock.

SRE traded down $0.89 during trading on Tuesday, reaching $117.23. 1,744,049 shares of the stock traded hands, compared to its average volume of 1,928,036. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.74. Sempra Energy has a fifty-two week low of $88.00 and a fifty-two week high of $161.87. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.45 and a quick ratio of 0.43. The stock’s 50-day simple moving average is $123.66 and its two-hundred day simple moving average is $134.80.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.82. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Sempra Energy had a return on equity of 11.30% and a net margin of 22.32%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. Research analysts anticipate that Sempra Energy will post 7.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. Sempra Energy’s payout ratio is presently 61.65%.

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 generates, transmits, and distributes electricity; and supplies natural gas.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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