Sempra Energy (NYSE:SRE) updated its FY 2020
After-Hours earnings guidance on Tuesday. The company provided EPS guidance of 7.20-7.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.35.

SRE has been the topic of a number of recent research reports. Seaport Global Securities assumed coverage on Sempra Energy in a report on Monday, June 15th. They set a buy rating and a $142.00 price objective on the stock. TheStreet raised Sempra Energy from a c+ rating to a b rating in a research note on Monday, May 4th. Morgan Stanley increased their price objective on Sempra Energy from $138.00 to $140.00 and gave the stock an equal weight rating in a research note on Wednesday, June 17th. Bank of America raised Sempra Energy from a neutral rating to a buy rating and set a $135.00 price objective for the company in a report on Friday, June 12th. Finally, Cfra raised shares of Sempra Energy from a buy rating to a strong-buy rating and lowered their target price for the stock from $162.00 to $120.00 in a report on Wednesday, March 18th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $147.75.

Shares of NYSE SRE traded down $0.89 during trading on Tuesday, reaching $117.23. The company had a trading volume of 1,775,335 shares, compared to its average volume of 1,928,006. Sempra Energy has a 52 week low of $88.00 and a 52 week high of $161.87. The business’s 50 day moving average price is $123.78 and its 200-day moving average price is $134.95. The stock has a market cap of $32.94 billion, a PE ratio of 14.33, a PEG ratio of 2.14 and a beta of 0.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.43 and a current ratio of 0.45.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be given a dividend of $1.045 per share. The ex-dividend date 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 currently 61.65%.

In related news, CFO Trevor I. Mihalik sold 10,281 shares of Sempra Energy stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $124.16, for a total value of $1,276,488.96. Following the completion of the sale, 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 SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

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

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Earnings History and Estimates for Sempra Energy (NYSE:SRE)

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