Sempra Energy (NYSE:SRE) announced a quarterly dividend on Wednesday, November 18th, RTT News reports. Shareholders of record on Friday, December 18th will be given a dividend of 1.045 per share by the utilities provider on Friday, January 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.21%.
Sempra Energy has increased its dividend payment by 28.2% over the last three years and has increased its dividend annually for the last 9 consecutive years.
Sempra Energy stock opened at $130.25 on Friday. The business has a fifty day moving average of $128.01 and a two-hundred day moving average of $124.43. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 0.92. The firm has a market cap of $37.57 billion, a P/E ratio of 8.96, a P/E/G ratio of 2.27 and a beta of 0.69. Sempra Energy has a twelve month low of $88.00 and a twelve month high of $161.87.
In other news, Director Cynthia Lynn Walker bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $125.46 per share, with a total value of $250,920.00. Following the transaction, the director now directly owns 3,636 shares in the company, valued at $456,172.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on SRE shares. Bank of America upped their price target on Sempra Energy from $146.00 to $149.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp upped their price target on Sempra Energy from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Barclays upped their price target on Sempra Energy from $146.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley upped their price target on Sempra Energy from $147.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $145.00 price target on the stock. in a research report on Monday, August 17th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $144.60.
About Sempra Energy
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It provides electric services to a population of approximately 3.7 million and natural gas services to approximately 3.4 million of that population covering an area of 4,100 square miles.
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