Sempra Energy (NYSE:SRE) had its price target reduced by J P Morgan Chase & Co from $126.00 to $125.00 in a research note published on Thursday. J P Morgan Chase & Co currently has a neutral rating on the utilities provider’s stock.

A number of other brokerages have also weighed in on SRE. BidaskClub raised Sempra Energy from a hold rating to a buy rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Sempra Energy from a buy rating to a hold rating in a report on Tuesday, August 8th. Morgan Stanley increased their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an overweight rating in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) raised Sempra Energy from a neutral rating to a buy rating and set a $129.00 price objective on the stock in a report on Wednesday. Finally, Royal Bank Of Canada reissued a buy rating and issued a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Four 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 an average rating of Buy and a consensus price target of $124.22.

Sempra Energy (NYSE:SRE) traded down 0.94% during midday trading on Thursday, reaching $114.87. The company had a trading volume of 1,237,806 shares. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $120.17. The company has a market capitalization of $28.84 billion, a P/E ratio of 16.99 and a beta of 0.55. The firm has a 50-day moving average of $116.61 and a 200 day moving average of $114.22.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. On average, equities research analysts forecast that Sempra Energy will post $5.23 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Sempra Energy (SRE) Price Target Lowered to $125.00 at J P Morgan Chase & Co” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/sempra-energy-sre-price-target-lowered-to-125-00-at-j-p-morgan-chase-co/1629004.html.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 22nd will be issued a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, September 21st. Sempra Energy’s dividend payout ratio (DPR) is 48.74%.

Hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its position in Sempra Energy by 27.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 202 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Sempra Energy by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 6 shares in the last quarter. Grove Bank & Trust boosted its position in Sempra Energy by 38.3% during the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 286 shares in the last quarter. WESPAC Advisors SoCal LLC boosted its position in Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 9 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Sempra Energy by 49.7% during the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 436 shares in the last quarter. Institutional investors own 80.80% of the company’s stock.

About Sempra Energy

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

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 Analyst Ratings Network's FREE daily email newsletter.