Traders Buy Sempra Energy (SRE) on Weakness
Investors bought shares of Sempra Energy (NYSE:SRE) on weakness during trading hours on Friday. $105.88 million flowed into the stock on the tick-up and $20.76 million flowed out of the stock on the tick-down, for a money net flow of $85.12 million into the stock. Of all companies tracked, Sempra Energy had the 10th highest net in-flow for the day. Sempra Energy traded down ($0.35) for the day and closed at $119.51
Several equities analysts have commented on SRE shares. Bank of America Corporation started coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. J P Morgan Chase & Co lowered their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $124.56.
The company has a market cap of $30,090.00, a price-to-earnings ratio of 22.64, a PEG ratio of 2.69 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36.
Sempra Energy (NYSE:SRE) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.02 EPS. equities research analysts anticipate that Sempra Energy will post 5.24 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its position in Sempra Energy by 27.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 202 shares during the period. Grove Bank & Trust increased its position in Sempra Energy by 38.3% during the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 286 shares during the period. WESPAC Advisors SoCal LLC increased its position in Sempra Energy by 0.7% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares during the period. Parallel Advisors LLC increased its position in Sempra Energy by 49.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 436 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in Sempra Energy during the 3rd quarter valued at about $153,000. 80.58% of the stock is currently owned by institutional investors.
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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