Sempra Energy (NYSE:SRE) Given Consensus Recommendation of “Buy” by Analysts

Sempra Energy (NYSE:SRE) has earned an average recommendation of “Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $151.27.

Several equities analysts have commented on SRE shares. ValuEngine cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 target price for the company in a research report on Tuesday, October 15th. Evercore ISI restated a “buy” rating and set a $160.00 price target on shares of Sempra Energy in a research report on Wednesday, November 13th. UBS Group raised their price objective on shares of Sempra Energy from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Wells Fargo & Co lifted their price objective on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th.

In other Sempra Energy news, Director Andres Conesa purchased 2,000 shares of Sempra Energy stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of $147.26 per share, for a total transaction of $294,520.00. Following the acquisition, the director now directly owns 4,749 shares in the company, valued at $699,337.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Sempra Energy by 83.3% during the second quarter. Assetmark Inc. now owns 372 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 169 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Sempra Energy in the 2nd quarter valued at approximately $47,000. National Pension Service boosted its stake in Sempra Energy by 6.3% during the 2nd quarter. National Pension Service now owns 290,084 shares of the utilities provider’s stock valued at $39,869,000 after purchasing an additional 17,229 shares during the last quarter. Dupont Capital Management Corp boosted its stake in Sempra Energy by 53.7% during the 2nd quarter. Dupont Capital Management Corp now owns 14,594 shares of the utilities provider’s stock valued at $2,006,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Sempra Energy in the 2nd quarter worth $55,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Sempra Energy stock traded down $0.95 during midday trading on Friday, hitting $146.44. 978,677 shares of the company were exchanged, compared to its average volume of 1,531,020. The firm has a 50 day simple moving average of $145.68 and a 200-day simple moving average of $140.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.39 and a quick ratio of 0.36. The firm has a market cap of $41.51 billion, a P/E ratio of 26.29, a PEG ratio of 3.12 and a beta of 0.41. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $148.90.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Sempra Energy will post 6.11 earnings per share for the current year.

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

Featured Story: Leveraged Buyout (LBO)

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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.