Traders Buy Shares of Sempra Energy (SRE) on Weakness
Traders purchased shares of Sempra Energy (NYSE:SRE) on weakness during trading hours on Wednesday. $46.58 million flowed into the stock on the tick-up and $22.28 million flowed out of the stock on the tick-down, for a money net flow of $24.30 million into the stock. Of all companies tracked, Sempra Energy had the 26th highest net in-flow for the day. Sempra Energy traded down ($0.11) for the day and closed at $107.83
Several equities research analysts have recently weighed in on the company. Bank of America cut Sempra Energy to a “hold” rating and set a $112.00 price objective for the company. in a research report on Thursday. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. JPMorgan Chase & Co. upped their target price on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Goldman Sachs Group upgraded Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Finally, Wells Fargo & Co cut their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Buy” and a consensus target price of $123.11.
The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $27,073.70, a P/E ratio of 23.74, a P/E/G ratio of 2.31 and a beta of 0.61.
Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting analysts’ consensus estimates of $1.04. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. Sempra Energy’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. equities analysts anticipate that Sempra Energy will post 5.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.8225 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.29 annualized dividend and a yield of 3.07%. Sempra Energy’s dividend payout ratio is currently 72.95%.
A number of institutional investors have recently added to or reduced their stakes in SRE. Bronfman E.L. Rothschild L.P. raised its stake 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 acquiring an additional 202 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake 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 acquiring an additional 9 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in Sempra Energy during the third quarter worth $153,000. Rocky Mountain Advisers LLC acquired a new position in Sempra Energy during the third quarter worth $183,000. Finally, San Francisco Sentry Investment Group CA acquired a new position in Sempra Energy during the second quarter worth $186,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
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Sempra Energy Company Profile
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.
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