SRE has been the subject of a number of other research reports. Morgan Stanley initiated coverage on shares of Sempra Energy in a research report on Friday, August 10th. They issued a weight rating for the company. Argus increased their price objective on shares of Sempra Energy to $130.00 and gave the stock a buy rating in a research note on Monday, July 9th. JPMorgan Chase & Co. set a $110.00 price objective on shares of Sempra Energy and gave the stock a hold rating in a research note on Monday, July 30th. ValuEngine upgraded shares of Sempra Energy from a sell rating to a hold rating in a research note on Monday, June 11th. Finally, Bank of America increased their price objective on shares of Sempra Energy from $118.00 to $121.00 and gave the stock a neutral rating in a research note on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sempra Energy currently has a consensus rating of Buy and a consensus target price of $123.25.
Shares of SRE traded up $0.56 during trading hours on Monday, reaching $115.03. The stock had a trading volume of 1,129,019 shares, compared to its average volume of 2,238,189. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 1.28. Sempra Energy has a 52 week low of $100.49 and a 52 week high of $127.22. The stock has a market cap of $31.11 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.64 and a beta of 0.39.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Sempra Energy will post 5.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 21st will be issued a $0.895 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.11%. Sempra Energy’s payout ratio is 66.05%.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Sempra Energy by 2.5% in the 1st quarter. BlackRock Inc. now owns 21,157,486 shares of the utilities provider’s stock valued at $2,353,137,000 after purchasing an additional 525,987 shares during the period. Northern Trust Corp raised its holdings in Sempra Energy by 3.0% in the 2nd quarter. Northern Trust Corp now owns 3,347,745 shares of the utilities provider’s stock valued at $388,707,000 after acquiring an additional 96,158 shares during the period. Nomura Holdings Inc. raised its holdings in Sempra Energy by 5,266.3% in the 2nd quarter. Nomura Holdings Inc. now owns 3,138,899 shares of the utilities provider’s stock valued at $364,458,000 after acquiring an additional 3,080,406 shares during the period. Legal & General Group Plc raised its holdings in Sempra Energy by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 2,195,244 shares of the utilities provider’s stock valued at $254,852,000 after acquiring an additional 147,022 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in Sempra Energy by 3.9% in the 1st quarter. Magellan Asset Management Ltd now owns 1,660,686 shares of the utilities provider’s stock valued at $184,701,000 after acquiring an additional 62,242 shares during the period. 88.25% of the stock is currently owned by institutional investors.
About Sempra Energy
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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