Sempra Energy (NYSE:SRE) had its target price increased by Wells Fargo & Co from $126.00 to $128.00 in a research note released on Monday. Wells Fargo & Co currently has an outperform rating on the utilities provider’s stock.
A number of other brokerages have also issued reports on SRE. Zacks Investment Research raised Sempra Energy from a hold rating to a buy rating and set a $131.00 price target for the company in a research note on Thursday, December 13th. Guggenheim reissued a buy rating and set a $133.00 price target on shares of Sempra Energy in a research note on Monday, January 7th. TheStreet raised Sempra Energy from a c+ rating to a b rating in a research note on Wednesday, November 7th. Finally, ValuEngine raised Sempra Energy from a hold rating to a buy rating in a research note on Wednesday, December 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Sempra Energy has a consensus rating of Buy and a consensus price target of $125.14.
Shares of SRE stock opened at $114.24 on Monday. Sempra Energy has a 52-week low of $100.49 and a 52-week high of $127.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.59 and a quick ratio of 0.55. The company has a market cap of $32.27 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.39 and a beta of 0.51.
In other Sempra Energy news, VP Peter R. Wall sold 1,049 shares of Sempra Energy stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $112.26, for a total transaction of $117,760.74. Following the completion of the sale, the vice president now directly owns 2,815 shares of the company’s stock, valued at approximately $316,011.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph A. Householder sold 11,600 shares of Sempra Energy stock in a transaction on Friday, November 30th. The shares were sold at an average price of $115.14, for a total value of $1,335,624.00. Following the sale, the insider now directly owns 95,527 shares of the company’s stock, valued at $10,998,978.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,649 shares of company stock valued at $1,988,835. 0.16% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd bought a new stake in Sempra Energy during the 3rd quarter valued at $214,000. Chevy Chase Trust Holdings Inc. raised its position in Sempra Energy by 0.6% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 224,458 shares of the utilities provider’s stock valued at $25,532,000 after purchasing an additional 1,388 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Sempra Energy by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 62,325 shares of the utilities provider’s stock valued at $7,090,000 after purchasing an additional 2,900 shares in the last quarter. CIBC World Markets Inc. bought a new stake in Sempra Energy during the 3rd quarter valued at $747,000. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Sempra Energy during the 3rd quarter valued at $2,321,000. 94.33% of the stock is owned by institutional investors and hedge funds.
Sempra Energy Company Profile
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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