Sempra Energy (NYSE:SRE) PT Lowered to $136.00 at UBS Group

Sempra Energy (NYSE:SRE) had its price target decreased by UBS Group from $150.00 to $136.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the utilities provider’s stock.

Several other analysts have also issued reports on the stock. Barclays upgraded shares of Sempra Energy from an equal weight rating to an overweight rating and set a $152.00 price target on the stock in a research report on Thursday, March 12th. Argus increased their price target on shares of Sempra Energy from $156.00 to $163.00 and gave the stock a buy rating in a research report on Thursday, December 26th. Mizuho started coverage on shares of Sempra Energy in a research report on Thursday, February 6th. They set a neutral rating and a $163.00 price target on the stock. BMO Capital Markets started coverage on shares of Sempra Energy in a research report on Wednesday, February 19th. They set a market perform rating and a $164.00 price target on the stock. Finally, KeyCorp increased their price target on shares of Sempra Energy from $157.00 to $170.00 and gave the stock an overweight rating in a research report on Friday, January 17th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $148.40.

Shares of SRE traded up $9.58 during mid-day trading on Monday, hitting $123.60. 2,016,986 shares of the company’s stock were exchanged, compared to its average volume of 1,991,591. Sempra Energy has a 52 week low of $88.00 and a 52 week high of $161.87. The stock’s 50-day simple moving average is $136.91 and its 200-day simple moving average is $145.30. The firm has a market cap of $30.42 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.63 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 1.06.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, February 27th. The utilities provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.07. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Sempra Energy had a net margin of 19.97% and a return on equity of 9.65%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. Analysts forecast that Sempra Energy will post 7.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be given a $1.045 dividend. The ex-dividend date is Thursday, March 19th. This represents a $4.18 dividend on an annualized basis and a yield of 3.38%. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.97. Sempra Energy’s dividend payout ratio (DPR) is currently 61.65%.

In other Sempra Energy news, CEO Jeffrey W. Martin sold 8,251 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $155.66, for a total value of $1,284,350.66. Following the sale, the chief executive officer now owns 31,779 shares in the company, valued at $4,946,719.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dennis V. Arriola bought 1,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $100.73 per share, for a total transaction of $100,730.00. Following the transaction, the vice president now directly owns 44,794 shares of the company’s stock, valued at $4,512,099.62. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in shares of Sempra Energy during the fourth quarter valued at $27,000. Savior LLC bought a new position in shares of Sempra Energy during the fourth quarter valued at $30,000. Cedar Mountain Advisors LLC bought a new position in shares of Sempra Energy during the fourth quarter valued at $30,000. Atlas Private Wealth Management bought a new position in shares of Sempra Energy during the fourth quarter valued at $30,000. Finally, Hall Laurie J Trustee bought a new position in shares of Sempra Energy during the fourth quarter valued at $39,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Example of operating income, EBIT and EBITDA

Analyst Recommendations for Sempra Energy (NYSE:SRE)

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