Sempra Energy (NYSE:SRE) Given New $148.00 Price Target at JPMorgan Chase & Co.

Sempra Energy (NYSE:SRE) had its price target hoisted by JPMorgan Chase & Co. from $136.00 to $148.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

Several other equities analysts also recently commented on SRE. Argus upped their price objective on Sempra Energy from $150.00 to $156.00 and gave the company a buy rating in a research note on Tuesday, September 24th. Zacks Investment Research downgraded Sempra Energy from a hold rating to a sell rating and set a $147.00 price objective on the stock. in a research note on Wednesday, July 24th. Morgan Stanley upped their price objective on Sempra Energy from $147.00 to $151.00 and gave the company an equal weight rating in a research note on Tuesday, October 1st. ValuEngine downgraded Sempra Energy from a buy rating to a hold rating in a research note on Saturday, September 14th. Finally, Barclays began coverage on Sempra Energy in a research note on Tuesday, August 13th. They issued an equal weight rating and a $142.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $150.00.

SRE stock opened at $144.85 on Monday. The firm has a market cap of $39.94 billion, a PE ratio of 26.01, a P/E/G ratio of 3.22 and a beta of 0.42. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $143.63 and a 200-day moving average of $136.44. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $148.14.

Sempra Energy (NYSE:SRE) last released 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). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company earned $1.35 earnings per share. On average, research analysts expect that Sempra Energy will post 6.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were paid a $0.9675 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.87 annualized dividend and a yield of 2.67%. Sempra Energy’s payout ratio is 69.48%.

In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of the 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 in the company, valued at $6,586,371.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of SRE. Krane Funds Advisors LLC purchased a new stake in shares of Sempra Energy during the second quarter worth $25,000. River & Mercantile Asset Management LLP purchased a new stake in shares of Sempra Energy during the second quarter worth $27,000. Westside Investment Management Inc. purchased a new stake in shares of Sempra Energy during the second quarter worth $41,000. Meeder Asset Management Inc. purchased a new stake in shares of Sempra Energy during the second quarter worth $47,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Sempra Energy during the second quarter worth $50,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

About Sempra Energy

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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