Sempra Energy (SRE) Receives $125.50 Average Price Target from Analysts

Sempra Energy (NYSE:SRE) has earned an average rating of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $125.50.

A number of research analysts have recently commented on SRE shares. Bank of America started coverage on Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price target for the company. J P Morgan Chase & Co upped their target price on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Goldman Sachs Group upgraded Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. Finally, Wells Fargo & Company cut their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th.

Shares of Sempra Energy (NYSE:SRE) traded up $0.54 during trading on Monday, reaching $115.78. The company’s stock had a trading volume of 1,191,689 shares, compared to its average volume of 1,138,884. The company has a market capitalization of $28,760.94, a PE ratio of 21.21, a P/E/G ratio of 2.45 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. Sempra Energy has a 52-week low of $99.48 and a 52-week high of $122.97.

Sempra Energy (NYSE:SRE) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.04. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share. analysts expect that Sempra Energy will post 5.24 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WESPAC Advisors SoCal LLC grew its stake in Sempra Energy by 0.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares in the last quarter. Chartist Inc. CA grew its stake in Sempra Energy by 0.4% in the second quarter. Chartist Inc. CA now owns 2,885 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 11 shares in the last quarter. Aspiriant LLC boosted its stake in shares of Sempra Energy by 0.7% during the 2nd quarter. Aspiriant LLC now owns 2,321 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 17 shares during the period. Community Bank N.A. boosted its stake in shares of Sempra Energy by 0.5% during the 2nd quarter. Community Bank N.A. now owns 6,380 shares of the utilities provider’s stock worth $719,000 after acquiring an additional 30 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Sempra Energy by 2.1% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,032 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 42 shares during the period. 80.62% of the stock is currently owned by institutional investors.

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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.

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