Sempra Energy (SRE) Releases FY 2020 Earnings Guidance
Sempra Energy (NYSE:SRE) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.70-7.50 for the period. Sempra Energy also updated its FY 2018 guidance to $5.30-5.80 EPS.
Several research firms recently commented on SRE. Morgan Stanley set a $121.00 price objective on Sempra Energy and gave the stock a hold rating in a report on Friday, September 28th. Argus boosted their price target on Sempra Energy to $130.00 and gave the company a buy rating in a research note on Monday, July 9th. JPMorgan Chase & Co. set a $110.00 price target on Sempra Energy and gave the company a hold rating in a research note on Monday, July 30th. Bank of America cut their price target on Sempra Energy from $122.00 to $120.00 and set a neutral rating for the company in a research note on Wednesday, September 26th. Finally, Wells Fargo & Co set a $129.00 price target on Sempra Energy and gave the company a buy rating in a research note on Monday, September 17th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $123.25.
Shares of Sempra Energy stock traded up $1.01 during trading hours on Thursday, reaching $116.31. 19,247 shares of the stock traded hands, compared to its average volume of 2,222,665. The company has a market cap of $31.11 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.64 and a beta of 0.39. Sempra Energy has a one year low of $100.49 and a one year high of $127.22. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 1.28.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 21st were paid a dividend of $0.895 per share. The ex-dividend date was Thursday, September 20th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.08%. Sempra Energy’s dividend payout ratio (DPR) is presently 66.05%.
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 engages in the generation, transmission, and distribution of electricity.
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