Sempra Energy (NYSE:SRE)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a note issued to investors on Monday. They currently have a $121.00 target price on the stock. Guggenheim’s price target would suggest a potential upside of 21.66% from the stock’s current price.
Several other brokerages have also recently weighed in on SRE. Argus reiterated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, September 20th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Sempra Energy presently has an average rating of “Buy” and an average price target of $112.89.
Sempra Energy (NYSE:SRE) traded up 0.79% on Monday, reaching $99.46. The company had a trading volume of 428,125 shares. Sempra Energy has a 12-month low of $86.72 and a 12-month high of $114.66. The stock has a market capitalization of $24.90 billion, a PE ratio of 18.46 and a beta of 0.52. The stock’s 50 day moving average price is $102.17 and its 200-day moving average price is $106.68.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Sempra Energy had a net margin of 13.24% and a return on equity of 9.41%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Equities analysts expect that Sempra Energy will post $4.81 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P purchased a new position in Sempra Energy during the first quarter worth $13,002,000. Hancock Holding Co. bought a new stake in shares of Sempra Energy during the first quarter worth about $2,878,000. National Pension Service increased its stake in shares of Sempra Energy by 4.0% in the first quarter. National Pension Service now owns 143,499 shares of the company’s stock worth $14,931,000 after buying an additional 5,462 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Sempra Energy by 230.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,151,391 shares of the company’s stock worth $119,802,000 after buying an additional 802,803 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Sempra Energy during the first quarter worth about $4,493,000. Institutional investors own 78.74% of the company’s stock.
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