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%.
COPYRIGHT VIOLATION WARNING: “Sempra Energy (SRE) Posts Quarterly Earnings Results” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.com-unik.info/2017/10/30/sempra-energy-sre-posts-quarterly-earnings-results.html.
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.
What are top analysts saying about Sempra Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sempra Energy and related companies.