Sempra Energy (SRE) Posts Quarterly Earnings Results

Sempra Energy (NYSE:SRE) posted its quarterly earnings results on Monday. The utilities provider reported $1.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04, Bloomberg Earnings reports. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. During the same quarter last year, the business posted $1.02 EPS.

Sempra Energy (NYSE:SRE) opened at 115.64 on Monday. The firm has a market capitalization of $29.03 billion, a price-to-earnings ratio of 17.10 and a beta of 0.56. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The company’s 50 day moving average price is $115.47 and its 200-day moving average price is $114.54.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 22nd were issued a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Thursday, September 21st. Sempra Energy’s payout ratio is presently 48.74%.

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Several research analysts have weighed in on SRE shares. J P Morgan Chase & Co lowered their price target on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Wells Fargo & Company lowered their price target on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) raised Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $124.30.

About Sempra Energy

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

Earnings History for Sempra Energy (NYSE:SRE)

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