Equities research analysts predict that Sempra Energy (NYSE:SRE) will announce $3.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sempra Energy’s earnings. The highest sales estimate is $3.40 billion and the lowest is $3.04 billion. Sempra Energy also reported sales of $3.22 billion during the same quarter last year. The firm is scheduled to report its next earnings results on Tuesday, February 25th.
On average, analysts expect that Sempra Energy will report full year sales of $11.31 billion for the current fiscal year, with estimates ranging from $10.93 billion to $11.62 billion. For the next year, analysts anticipate that the firm will post sales of $11.78 billion, with estimates ranging from $11.38 billion to $12.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Sempra Energy.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.93 billion. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share.
A number of brokerages recently issued reports on SRE. Barclays assumed coverage on shares of Sempra Energy in a report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Co boosted their price target on Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. UBS Group boosted their price target on Sempra Energy from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Argus upped their price target on Sempra Energy from $150.00 to $156.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $151.27.
Shares of Sempra Energy stock traded up $1.29 during midday trading on Friday, reaching $148.77. 1,615,483 shares of the company’s stock traded hands, compared to its average volume of 1,536,976. The company has a market cap of $41.11 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.41. The company’s 50 day simple moving average is $145.77 and its 200 day simple moving average is $141.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.39. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $148.90.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be given a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, December 27th. Sempra Energy’s dividend payout ratio is 69.48%.
In other Sempra Energy news, Director Andres Conesa acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of $147.26 per share, with a total value of $294,520.00. Following the transaction, the director now owns 4,749 shares of the company’s stock, valued at $699,337.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Sempra Energy by 1.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock valued at $21,006,000 after buying an additional 2,796 shares during the period. Optimum Investment Advisors lifted its position in shares of Sempra Energy by 133.3% in the 2nd quarter. Optimum Investment Advisors now owns 525 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 300 shares during the period. First Personal Financial Services grew its holdings in shares of Sempra Energy by 39.0% during the 2nd quarter. First Personal Financial Services now owns 535 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 150 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Sempra Energy by 75.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,827 shares of the utilities provider’s stock worth $801,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Sempra Energy by 46.1% during the second quarter. Janney Montgomery Scott LLC now owns 23,767 shares of the utilities provider’s stock valued at $3,267,000 after purchasing an additional 7,504 shares during the period. Institutional investors and hedge funds own 88.75% 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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