Media headlines about Sempra Energy (NYSE:SRE) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sempra Energy earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.7851877564328 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- SoCalGas, L.A. Fire Department Unveil Giant Shovel on National 8-1-1 Day to Raise Public Awareness of the Importance of Having Utilities Marked Before Digging (finance.yahoo.com)
- Tale of the Ticker: Sempra Energy (SRE), HRG Group Inc (HRG) Moving on Volume - Bulletin News (orobulletin.com)
- Sempra Energy (NYSE:SRE) Price Target Raised to $134.00 at Morgan Stanley (americanbankingnews.com)
- Sempra Energy (SRE) Awesome Oscillator Building Momentum - Financial News Review (finnewsreview.com)
- Norges Bank Significantly Increases Its Position in Sempra Energy (SRE) Last Quarter - First News 24 (firstnewspaper24.com)
Sempra Energy (SRE) traded up 0.71% during midday trading on Monday, hitting $116.43. 1,021,516 shares of the stock traded hands. Sempra Energy has a one year low of $92.95 and a one year high of $117.97. The company has a 50-day moving average price of $113.58 and a 200 day moving average price of $111.43. The stock has a market cap of $29.23 billion, a price-to-earnings ratio of 17.22 and a beta of 0.54.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Equities research analysts anticipate that Sempra Energy will post $5.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, July 7th were paid a dividend of $0.8225 per share. The ex-dividend date was Wednesday, July 5th. This represents a $3.29 annualized dividend and a yield of 2.83%. Sempra Energy’s payout ratio is 48.74%.
SRE has been the topic of a number of research reports. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. UBS AG reaffirmed a “buy” rating and set a $128.00 target price (up from $124.00) on shares of Sempra Energy in a research report on Tuesday, April 18th. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a report on Thursday, June 8th. Finally, Morgan Stanley lifted their price objective on shares of Sempra Energy from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.00.
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In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the sale, the chief executive officer now owns 112,345 shares in the company, valued at $12,743,293.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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