Sempra Energy (NYSE:SRE) Releases FY20 Earnings Guidance
Sempra Energy (NYSE:SRE) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.20-7.80 for the period, compared to the Thomson Reuters consensus estimate of $7.06. Sempra Energy also updated its FY 2020
After-Hours guidance to 7.20-7.80 EPS.
Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Sempra Energy from $138.00 to $140.00 and gave the company an equal weight rating in a report on Wednesday, June 17th. UBS Group upped their price target on shares of Sempra Energy from $160.00 to $173.00 and gave the company a buy rating in a report on Friday, June 5th. Seaport Global Securities initiated coverage on shares of Sempra Energy in a report on Monday, June 15th. They issued a buy rating and a $142.00 price target for the company. Bank of America upgraded shares of Sempra Energy from a neutral rating to a buy rating and set a $135.00 target price for the company in a report on Friday, June 12th. Finally, Wells Fargo & Co increased their target price on shares of Sempra Energy from $125.00 to $147.00 and gave the stock an overweight rating in a report on Monday, April 13th. Eight 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 company. Sempra Energy has an average rating of Buy and a consensus target price of $147.75.
Shares of SRE traded down $0.89 during trading hours on Tuesday, hitting $117.23. The company had a trading volume of 1,744,049 shares, compared to its average volume of 1,928,036. The firm has a market cap of $32.94 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.14 and a beta of 0.74. The business has a fifty day moving average of $123.66 and a 200-day moving average of $134.80. Sempra Energy has a 12 month low of $88.00 and a 12 month high of $161.87. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 1.02.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s dividend payout ratio is 61.65%.
In related news, CFO Trevor I. Mihalik sold 10,281 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were 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 of the company’s stock, valued at $1,920,010.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.
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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