Sempra Energy (SRE) to Distribute Quarterly Dividend of $1.05 on January 15th

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.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, November 5th. The utilities provider reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.21). The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Sempra Energy had a return on equity of 11.47% and a net margin of 38.49%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. Equities analysts expect that Sempra Energy will post 7.68 earnings per share for the current year.

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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Dividend History for Sempra Energy (NYSE:SRE)

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