Sempra Energy (NYSE:SRE) PT Raised to $137.00 at Wells Fargo & Co

Sempra Energy (NYSE:SRE) had its price objective lifted by analysts at Wells Fargo & Co from $130.00 to $137.00 in a research note issued on Thursday, March 28th, The Fly reports. The firm currently has an “outperform” rating on the utilities provider’s stock. Wells Fargo & Co‘s target price points to a potential upside of 7.53% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley boosted their price target on Sempra Energy from $132.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Guggenheim reiterated a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a research report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $130.43.

SRE stock traded up $0.12 during midday trading on Thursday, hitting $127.41. 2,243,084 shares of the company’s stock were exchanged, compared to its average volume of 1,757,701. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 1.27. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $130.00. The company has a market capitalization of $34.92 billion, a PE ratio of 22.87, a P/E/G ratio of 2.55 and a beta of 0.53.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.09. Sempra Energy had a return on equity of 9.54% and a net margin of 8.73%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $1.54 EPS. Sempra Energy’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sempra Energy will post 6.01 EPS for the current year.

In other news, VP G Joyce Rowland sold 2,393 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $120.86, for a total transaction of $289,217.98. Following the completion of the sale, the vice president now directly owns 12,461 shares of the company’s stock, valued at $1,506,036.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Peter R. Wall sold 1,049 shares of the company’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $112.26, for a total value of $117,760.74. Following the sale, the vice president now directly owns 2,815 shares of the company’s stock, valued at $316,011.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,442 shares of company stock valued at $1,051,579. Insiders own 0.13% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Columbia Asset Management raised its position in Sempra Energy by 179.6% during the fourth quarter. Columbia Asset Management now owns 2,533 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,627 shares during the period. CIBC World Markets Inc. acquired a new position in Sempra Energy in the 3rd quarter worth about $747,000. TD Asset Management Inc. increased its position in Sempra Energy by 15.3% in the 4th quarter. TD Asset Management Inc. now owns 313,291 shares of the utilities provider’s stock worth $33,895,000 after purchasing an additional 41,553 shares during the last quarter. BP PLC increased its position in Sempra Energy by 60.6% in the 4th quarter. BP PLC now owns 53,000 shares of the utilities provider’s stock worth $5,734,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Sempra Energy in the 4th quarter worth about $1,643,000. 98.08% of the stock is currently 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.

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