Sempra Energy (NYSE:SRE)‘s stock had its “buy” rating restated by analysts at Wells Fargo & Co in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $120.00 target price on the utilities provider’s stock, down from their previous target price of $121.00. Wells Fargo & Co’s target price would indicate a potential upside of 9.59% from the stock’s previous close.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased 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. UBS Group assumed coverage on Sempra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $124.00 target price on the stock. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Sempra Energy in a research note on Friday, February 23rd. Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a research note on Friday, December 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $121.80.
Shares of Sempra Energy (SRE) traded up $0.52 on Wednesday, reaching $109.50. The company’s stock had a trading volume of 71,622 shares, compared to its average volume of 2,853,149. The company has a current ratio of 0.50, a quick ratio of 0.36 and a debt-to-equity ratio of 1.09. Sempra Energy has a 1-year low of $100.63 and a 1-year high of $122.97. The stock has a market cap of $28,095.87, a P/E ratio of 107.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56.
Several hedge funds have recently added to or reduced their stakes in SRE. Fisher Asset Management LLC purchased a new position in shares of Sempra Energy in the 3rd quarter worth $247,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sempra Energy by 12.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,097 shares of the utilities provider’s stock worth $3,093,000 after buying an additional 2,929 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Sempra Energy in the 3rd quarter worth $2,540,000. Canada Pension Plan Investment Board lifted its position in Sempra Energy by 103.1% during the third quarter. Canada Pension Plan Investment Board now owns 403,376 shares of the utilities provider’s stock valued at $46,037,000 after purchasing an additional 204,763 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Sempra Energy by 6.8% during the third quarter. IFP Advisors Inc now owns 16,020 shares of the utilities provider’s stock valued at $1,828,000 after purchasing an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.
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.
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.