KeyCorp Increases Sempra Energy (NYSE:SRE) Price Target to $145.00
Sempra Energy (NYSE:SRE) had its price target boosted by equities researchers at KeyCorp from $142.00 to $145.00 in a note issued to investors on Thursday, Price Targets.com reports. The firm presently has an "overweight" rating on the utilities provider's stock. KeyCorp's price objective would suggest a potential upside of 5.10% from the stock's previous close. KeyCorp also issued estimates for Sempra Energy's FY2021 earnings at $8.27 EPS and FY2025 earnings at $9.77 EPS.
SRE has been the topic of several other reports. TheStreet raised shares of Sempra Energy from a "c+" rating to a "b" rating in a report on Wednesday, December 15th. The Goldman Sachs Group lowered shares of Sempra Energy from a "buy" rating to a "neutral" rating in a report on Tuesday, October 12th. Morgan Stanley lifted their price objective on shares of Sempra Energy from $149.00 to $154.00 and gave the company an "equal weight" rating in a report on Tuesday, December 21st. Wells Fargo & Company lifted their price target on shares of Sempra Energy from $143.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, November 8th. Finally, Mizuho lifted their price target on shares of Sempra Energy from $139.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday, December 22nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $146.57.
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Sempra Energy stock opened at $137.96 on Thursday. The company has a 50 day moving average price of $128.00 and a 200-day moving average price of $129.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.33 and a current ratio of 0.35. Sempra Energy has a fifty-two week low of $114.66 and a fifty-two week high of $144.93. The company has a market capitalization of $44.05 billion, a PE ratio of 37.90, a P/E/G ratio of 3.31 and a beta of 0.68.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, November 5th. The utilities provider reported $1.70 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $1.70. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.75 billion. Sempra Energy had a net margin of 9.38% and a return on equity of 10.67%. The company's revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, analysts forecast that Sempra Energy will post 8.26 earnings per share for the current year.
In other news, CAO Peter R. Wall sold 2,829 shares of the business's stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $130.00, for a total transaction of $367,770.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SRE. Franklin Resources Inc. lifted its position in Sempra Energy by 28.6% during the third quarter. Franklin Resources Inc. now owns 8,552,879 shares of the utilities provider's stock valued at $1,081,940,000 after purchasing an additional 1,904,484 shares during the period. BlackRock Inc. lifted its position in Sempra Energy by 6.2% during the second quarter. BlackRock Inc. now owns 25,918,298 shares of the utilities provider's stock valued at $3,433,657,000 after purchasing an additional 1,502,069 shares during the period. Vanguard Group Inc. lifted its position in Sempra Energy by 5.1% during the second quarter. Vanguard Group Inc. now owns 26,807,489 shares of the utilities provider's stock valued at $3,551,456,000 after purchasing an additional 1,309,657 shares during the period. Deutsche Bank AG lifted its position in Sempra Energy by 21.6% during the second quarter. Deutsche Bank AG now owns 6,477,698 shares of the utilities provider's stock valued at $858,165,000 after purchasing an additional 1,151,662 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Sempra Energy by 39.5% during the second quarter. JPMorgan Chase & Co. now owns 3,917,419 shares of the utilities provider's stock valued at $518,980,000 after purchasing an additional 1,109,281 shares during the period. Institutional investors own 84.25% of the company's stock.
About Sempra Energy
Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.
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