Sempra Energy (NYSE:SRE) declared a quarterly dividend on Friday, September 8th, RTT News reports. Investors of record on Friday, September 22nd will be given a dividend of 0.8225 per share by the utilities provider on Sunday, October 15th. This represents a $3.29 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, September 21st.

Sempra Energy has raised its dividend by an average of 6.0% per year over the last three years and has raised its dividend every year for the last 6 years. Sempra Energy has a payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sempra Energy to earn $5.53 per share next year, which means the company should continue to be able to cover its $3.29 annual dividend with an expected future payout ratio of 59.5%.

Sempra Energy (NYSE SRE) opened at 119.29 on Friday. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The company’s 50-day moving average is $117.35 and its 200 day moving average is $113.58. The stock has a market capitalization of $29.95 billion, a PE ratio of 17.64 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last released 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 during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. Sempra Energy’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, equities research analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.

A number of analysts have weighed in on SRE shares. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a research note on Thursday, June 8th. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Royal Bank Of Canada restated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Morgan Stanley raised their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $121.00.

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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.

Dividend History for Sempra Energy (NYSE:SRE)

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