Sempra Energy (NYSE:SRE) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of Sempra Energy (NYSE:SRE) from a buy rating to a hold rating in a research report sent to investors on Saturday, ValuEngine reports.

SRE has been the subject of several other reports. Zacks Investment Research lowered shares of Sempra Energy from a hold rating to a sell rating and set a $147.00 target price for the company. in a research report on Wednesday, July 24th. Morgan Stanley cut their target price on shares of Sempra Energy from $144.00 to $141.00 and set an equal weight rating for the company in a research report on Friday, August 16th. Wells Fargo & Co set a $153.00 price target on shares of Sempra Energy and gave the stock a buy rating in a research report on Tuesday, September 3rd. KeyCorp assumed coverage on shares of Sempra Energy in a research report on Tuesday, June 4th. They issued an overweight rating and a $151.00 price target for the company. Finally, Bank of America lowered shares of Sempra Energy from a buy rating to a neutral rating and upped their price target for the stock from $141.00 to $142.00 in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $145.89.

NYSE SRE traded down $1.96 during trading hours on Friday, hitting $141.70. 1,062,103 shares of the company’s stock traded hands, compared to its average volume of 1,217,248. The business’s fifty day moving average price is $139.43 and its two-hundred day moving average price is $132.91. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $39.44 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.09 and a beta of 0.41. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $144.93.

Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.32 billion. Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. During the same quarter last year, the firm posted $1.35 earnings per share. On average, sell-side analysts expect that Sempra Energy will post 5.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th will be given a $0.9675 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.73%. Sempra Energy’s payout ratio is currently 69.48%.

In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the transaction, the chief operating officer now directly owns 45,991 shares in the company, valued at $6,586,371.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. River & Mercantile Asset Management LLP bought a new position in shares of Sempra Energy during the second quarter worth $27,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Sempra Energy by 17.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,296 shares of the utilities provider’s stock worth $11,723,000 after acquiring an additional 12,918 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Sempra Energy during the second quarter worth $1,191,000. Atria Investments LLC bought a new position in shares of Sempra Energy during the second quarter worth $319,000. Finally, Treasurer of the State of North Carolina boosted its position in shares of Sempra Energy by 1.3% during the second quarter. Treasurer of the State of North Carolina now owns 161,493 shares of the utilities provider’s stock worth $22,196,000 after acquiring an additional 2,091 shares during the last quarter. Institutional investors and hedge funds own 92.74% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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