Sempra Energy (NYSE:SRE) PT Lowered to $136.00 at UBS Group

Sempra Energy (NYSE:SRE) had its target price cut by UBS Group from $150.00 to $136.00 in a research report released on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the utilities provider’s stock.

Several other equities analysts have also issued reports on SRE. Argus boosted their price target on shares of Sempra Energy from $156.00 to $163.00 and gave the company a buy rating in a report on Thursday, December 26th. BMO Capital Markets assumed coverage on shares of Sempra Energy in a report on Wednesday, February 19th. They issued a market perform rating and a $164.00 price target for the company. KeyCorp boosted their price target on shares of Sempra Energy from $157.00 to $170.00 and gave the company an overweight rating in a report on Friday, January 17th. Citigroup decreased their price target on shares of Sempra Energy from $167.00 to $152.00 and set a neutral rating for the company in a report on Wednesday, March 4th. Finally, Mizuho assumed coverage on shares of Sempra Energy in a report on Thursday, February 6th. They issued a neutral rating and a $163.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $148.40.

SRE stock traded up $9.58 during trading on Monday, hitting $123.60. The company had a trading volume of 2,016,986 shares, compared to its average volume of 1,991,591. The firm has a 50-day moving average price of $136.91 and a 200-day moving average price of $145.30. The stock has a market cap of $30.42 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.63 and a beta of 0.57. Sempra Energy has a 12 month low of $88.00 and a 12 month high of $161.87. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 1.06.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Sempra Energy had a net margin of 19.97% and a return on equity of 9.65%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. Equities analysts expect that Sempra Energy will post 7.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.97. This represents a $4.18 dividend on an annualized basis and a yield of 3.38%. Sempra Energy’s dividend payout ratio is presently 61.65%.

In related news, CEO Jeffrey W. Martin sold 8,251 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $155.66, for a total value of $1,284,350.66. Following the completion of the transaction, the chief executive officer now directly owns 31,779 shares of the company’s stock, valued at approximately $4,946,719.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dennis V. Arriola bought 1,000 shares of Sempra Energy stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $100.73 per share, with a total value of $100,730.00. Following the completion of the purchase, the vice president now owns 44,794 shares in the company, valued at approximately $4,512,099.62. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new position in shares of Sempra Energy during the 4th quarter worth about $27,000. Savior LLC acquired a new position in shares of Sempra Energy during the 4th quarter worth about $30,000. Cedar Mountain Advisors LLC acquired a new position in shares of Sempra Energy during the 4th quarter worth about $30,000. Atlas Private Wealth Management acquired a new position in shares of Sempra Energy during the 4th quarter worth about $30,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Sempra Energy during the 4th quarter worth about $39,000. Institutional investors own 85.75% 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 generates, transmits, and distributes electricity; and supplies natural gas.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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