$3.22 Billion in Sales Expected for Sempra Energy (NYSE:SRE) This Quarter

Wall Street analysts expect Sempra Energy (NYSE:SRE) to post sales of $3.22 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Sempra Energy’s earnings, with the lowest sales estimate coming in at $3.04 billion and the highest estimate coming in at $3.40 billion. Sempra Energy also reported sales of $3.22 billion in the same quarter last year. The firm is scheduled to issue its next earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Sempra Energy will report full-year sales of $11.31 billion for the current year, with estimates ranging from $10.93 billion to $11.62 billion. For the next year, analysts forecast that the business will post sales of $11.78 billion, with estimates ranging from $11.38 billion to $12.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Sempra Energy.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.93 billion. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS.

Several analysts recently issued reports on the company. Peel Hunt reissued a “buy” rating on shares of Sempra Energy in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Morgan Stanley lifted their target price on Sempra Energy from $152.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Evercore ISI reaffirmed a “buy” rating and set a $160.00 target price on shares of Sempra Energy in a research note on Wednesday. Finally, UBS Group lifted their target price on Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus price target of $151.27.

Shares of NYSE SRE traded up $0.66 during mid-day trading on Thursday, hitting $146.13. The company had a trading volume of 1,286,854 shares, compared to its average volume of 1,964,287. The stock has a market cap of $41.01 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.16 and a beta of 0.41. Sempra Energy has a 12 month low of $104.88 and a 12 month high of $148.90. 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’s 50 day simple moving average is $145.17 and its two-hundred day simple moving average is $138.95.

In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the sale, the chief operating officer now owns 45,991 shares of the company’s stock, valued at approximately $6,586,371.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Sempra Energy by 1.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock worth $21,006,000 after acquiring an additional 2,796 shares during the last quarter. Rockland Trust Co. grew its holdings in shares of Sempra Energy by 0.6% in the 2nd quarter. Rockland Trust Co. now owns 119,487 shares of the utilities provider’s stock worth $16,422,000 after acquiring an additional 659 shares during the last quarter. First American Trust FSB grew its holdings in shares of Sempra Energy by 37.3% in the 2nd quarter. First American Trust FSB now owns 54,835 shares of the utilities provider’s stock worth $7,536,000 after acquiring an additional 14,896 shares during the last quarter. Cooper Financial Group grew its holdings in shares of Sempra Energy by 10.3% in the 2nd quarter. Cooper Financial Group now owns 3,175 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 296 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Sempra Energy by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock worth $2,674,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 90.34% 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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