Sempra Energy (NYSE:SRE) had its price objective increased by Morgan Stanley from $132.00 to $142.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other equities analysts have also weighed in on the company. ValuEngine upgraded Sempra Energy from a hold rating to a buy rating in a research note on Friday, May 10th. Argus upped their target price on Sempra Energy to $142.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Wells Fargo & Co upped their target price on Sempra Energy from $137.00 to $140.00 and gave the stock an outperform rating in a research note on Monday, April 15th. TheStreet upgraded Sempra Energy from a c+ rating to a b rating in a research note on Tuesday, February 26th. Finally, Zacks Investment Research upgraded Sempra Energy from a sell rating to a hold rating in a research note on Tuesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $131.57.

Shares of NYSE SRE opened at $134.35 on Thursday. The stock has a market capitalization of $36.86 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.85 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.38. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $135.91.

Sempra Energy (NYSE:SRE) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.23. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $3.12 billion. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Research analysts forecast that Sempra Energy will post 6.02 EPS for the current fiscal year.

In other news, CAO Peter R. Wall sold 723 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $135.47, for a total transaction of $97,944.81. Following the transaction, the chief accounting officer now directly owns 2,359 shares in the company, valued at approximately $319,573.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP G Joyce Rowland sold 2,393 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $120.86, for a total value of $289,217.98. Following the transaction, the vice president now owns 12,461 shares in the company, valued at $1,506,036.46. The disclosure for this sale can be found here. Insiders have sold a total of 58,516 shares of company stock worth $7,825,683 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc increased its position in shares of Sempra Energy by 5.0% during the 3rd quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after purchasing an additional 997,607 shares during the last quarter. Norges Bank bought a new position in shares of Sempra Energy during the 4th quarter valued at about $653,205,000. Geode Capital Management LLC increased its position in shares of Sempra Energy by 6.5% during the 1st quarter. Geode Capital Management LLC now owns 3,750,132 shares of the utilities provider’s stock valued at $471,154,000 after purchasing an additional 228,380 shares during the last quarter. Northern Trust Corp increased its position in shares of Sempra Energy by 1.5% during the 1st quarter. Northern Trust Corp now owns 3,633,635 shares of the utilities provider’s stock valued at $457,329,000 after purchasing an additional 51,955 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Sempra Energy by 10,582.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 3,070,305 shares during the period. Hedge funds and other institutional investors own 94.62% of the company’s stock.

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 generates, transmits, and distributes electricity; and supplies natural gas.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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