Sempra Energy (SRE) Price Target Raised to $142.00

Sempra Energy (NYSE:SRE) had its target price boosted by equities researchers at Argus to $142.00 in a report issued on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Argus’ price target points to a potential upside of 10.76% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Wells Fargo & Co raised their price target on Sempra Energy from $130.00 to $137.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a research report on Tuesday, February 26th. Morgan Stanley raised their price target on Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Zacks Investment Research raised Sempra Energy from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Wednesday, December 19th. Finally, Guggenheim reissued a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.43.

Sempra Energy stock traded down $0.36 during midday trading on Tuesday, reaching $128.20. The company’s stock had a trading volume of 227,059 shares, compared to its average volume of 1,707,815. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $130.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.48 and a quick ratio of 0.45. The stock has a market cap of $35.58 billion, a PE ratio of 23.02, a P/E/G ratio of 2.60 and a beta of 0.53.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.09. Sempra Energy had a return on equity of 9.54% and a net margin of 8.73%. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm earned $1.54 earnings per share. Sempra Energy’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Sempra Energy will post 6.01 earnings per share for the current fiscal year.

In related news, VP G Joyce Rowland sold 2,393 shares of Sempra Energy stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $120.86, for a total transaction of $289,217.98. Following the completion of the transaction, the vice president now directly owns 12,461 shares in the company, valued at approximately $1,506,036.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Peter R. Wall sold 1,049 shares of Sempra Energy stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $112.26, for a total value of $117,760.74. Following the transaction, the vice president now owns 2,815 shares of the company’s stock, valued at $316,011.90. The disclosure for this sale can be found here. Insiders have sold a total of 8,442 shares of company stock worth $1,051,579 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Karp Capital Management Corp acquired a new stake in shares of Sempra Energy during the 4th quarter worth $25,000. Global Retirement Partners LLC raised its stake in shares of Sempra Energy by 361.5% in the 4th quarter. Global Retirement Partners LLC now owns 240 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 188 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Sempra Energy by 10,582.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 3,070,305 shares in the last quarter. 1 North Wealth Services LLC acquired a new stake in Sempra Energy during the fourth quarter worth about $30,000. Finally, Johnson Financial Group Inc. raised its stake in Sempra Energy by 1,285.0% during the fourth quarter. Johnson Financial Group Inc. now owns 277 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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 engages in the generation, transmission, and distribution of electricity.

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The Fly

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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