KeyCorp Increases Sempra Energy (NYSE:SRE) Price Target to $145.00

Sempra Energy (NYSE:SRE) had its price target raised by research analysts at KeyCorp from $142.00 to $145.00 in a research report issued on Thursday, Price Targets.com reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price would suggest a potential upside of 5.10% from the company’s previous close. KeyCorp also issued estimates for Sempra Energy’s FY2021 earnings at $8.27 EPS and FY2025 earnings at $9.77 EPS.

A number of other research analysts have also commented on the company. Morgan Stanley upped their price target on Sempra Energy from $149.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 21st. Mizuho upped their price target on Sempra Energy from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, December 22nd. Wells Fargo & Company upped their price target on Sempra Energy from $143.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, November 8th. The Goldman Sachs Group downgraded Sempra Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, October 12th. Finally, TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a report on Wednesday, December 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $146.57.

NYSE SRE opened at $137.96 on Thursday. Sempra Energy has a 1-year low of $114.66 and a 1-year high of $144.93. The company has a current ratio of 0.35, a quick ratio of 0.33 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $128.00 and a 200-day moving average of $129.93. The firm has a market cap of $44.05 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 3.31 and a beta of 0.68.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, November 5th. The utilities provider reported $1.70 EPS for the quarter, meeting analysts’ consensus estimates of $1.70. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.75 billion. Sempra Energy had a return on equity of 10.67% and a net margin of 9.38%. Sempra Energy’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 EPS. As a group, equities research analysts forecast that Sempra Energy will post 8.26 earnings per share for the current fiscal year.

In other news, CAO Peter R. Wall sold 2,829 shares of the stock in a transaction on Thursday, December 16th. The stock was sold at an average price of $130.00, for a total transaction of $367,770.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in shares of Sempra Energy by 4.8% during the 2nd quarter. Lido Advisors LLC now owns 1,660 shares of the utilities provider’s stock valued at $220,000 after buying an additional 76 shares during the period. Twin Capital Management Inc. lifted its holdings in shares of Sempra Energy by 1.1% during the 3rd quarter. Twin Capital Management Inc. now owns 7,623 shares of the utilities provider’s stock valued at $964,000 after buying an additional 80 shares during the period. Wesbanco Bank Inc. lifted its holdings in shares of Sempra Energy by 5.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 1,699 shares of the utilities provider’s stock valued at $215,000 after buying an additional 82 shares during the period. Checchi Capital Advisers LLC raised its holdings in Sempra Energy by 3.9% in the 3rd quarter. Checchi Capital Advisers LLC now owns 2,197 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 82 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Sempra Energy by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,531 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 82 shares during the period. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Company Profile

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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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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