Sempra Energy (NYSE:SRE) Earns Equal Weight Rating from Analysts at Barclays

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Barclays initiated coverage on shares of Sempra Energy (NYSE:SRE) in a report issued on Tuesday, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $142.00 target price on the utilities provider’s stock.

A number of other equities analysts have also commented on the stock. KeyCorp assumed coverage on shares of Sempra Energy in a research note on Tuesday, June 4th. They issued an overweight rating and a $151.00 price objective for the company. Zacks Investment Research lowered shares of Sempra Energy from a hold rating to a sell rating and set a $147.00 price objective for the company. in a research note on Wednesday, July 24th. Argus raised their price objective on shares of Sempra Energy to $142.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Bank of America lowered shares of Sempra Energy from a buy rating to a neutral rating and raised their price objective for the stock from $141.00 to $142.00 in a research note on Thursday, June 27th. Finally, Wells Fargo & Co raised their price objective on shares of Sempra Energy from $137.00 to $140.00 and gave the stock an outperform rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Sempra Energy currently has a consensus rating of Hold and a consensus price target of $142.38.

Sempra Energy stock opened at $138.54 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.31 and a current ratio of 0.34. The firm has a market cap of $37.71 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.93 and a beta of 0.45. Sempra Energy has a 1 year low of $104.88 and a 1 year high of $141.86. The firm’s 50 day moving average price is $138.10 and its two-hundred day moving average price is $129.73.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.32 billion. Sempra Energy had a return on equity of 10.18% and a net margin of 18.61%. During the same quarter last year, the firm posted $1.35 EPS. As a group, equities analysts predict that Sempra Energy will post 6.03 EPS for the current fiscal year.

In other Sempra Energy news, insider Joseph A. Householder sold 50,400 shares of Sempra Energy stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $134.80, for a total transaction of $6,793,920.00. Following the completion of the sale, the insider now owns 55,115 shares of the company’s stock, valued at approximately $7,429,502. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter R. Wall sold 723 shares of Sempra Energy stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $135.47, for a total transaction of $97,944.81. Following the sale, the chief accounting officer now directly owns 2,359 shares of the company’s stock, valued at approximately $319,573.73. The disclosure for this sale can be found here. Insiders sold a total of 60,515 shares of company stock valued at $8,148,984 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Several large investors have recently modified their holdings of SRE. Krane Funds Advisors LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter valued at $25,000. Global Retirement Partners LLC raised its holdings in shares of Sempra Energy by 35.0% during the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 84 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Sempra Energy during the 2nd quarter valued at $41,000. WP Advisors LLC bought a new position in shares of Sempra Energy during the 1st quarter valued at $46,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sempra Energy during the 2nd quarter valued at $47,000. 97.11% of the stock is owned by institutional investors.

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 generates, transmits, and distributes electricity; and supplies natural gas.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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