Sempra Energy (NYSE:SRE) announced a quarterly dividend on Wednesday, November 18th, RTT News reports. Investors of record on Friday, December 18th will be given a dividend of 1.045 per share by the utilities provider on Friday, January 15th. This represents a $4.18 annualized dividend and a yield of 3.21%.
Sempra Energy has increased its dividend by 28.2% over the last three years and has increased its dividend annually for the last 9 consecutive years.
Sempra Energy stock opened at $130.25 on Friday. Sempra Energy has a fifty-two week low of $88.00 and a fifty-two week high of $161.87. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.77 and a current ratio of 0.80. The firm has a 50 day moving average price of $128.01 and a 200 day moving average price of $124.43. The company has a market capitalization of $37.57 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.69.
Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, November 5th. The utilities provider reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.21). Sempra Energy had a net margin of 38.49% and a return on equity of 11.47%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business posted $1.50 EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Sempra Energy will post 7.68 earnings per share for the current year.
Several equities analysts have commented on SRE shares. Wells Fargo & Company cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $145.00 price target for the company. in a research report on Monday, August 17th. They noted that the move was a valuation call. Morgan Stanley raised their price target on shares of Sempra Energy from $147.00 to $152.00 and gave the company an “equal weight” rating in a research report on Tuesday. KeyCorp raised their price target on shares of Sempra Energy from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Mizuho decreased their price target on shares of Sempra Energy from $137.00 to $119.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Sempra Energy in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $144.60.
In related news, Director Cynthia Lynn Walker purchased 1,000 shares of Sempra Energy stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average cost of $117.70 per share, with a total value of $117,700.00. Following the completion of the transaction, the director now directly owns 4,636 shares in the company, valued at $545,657.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.
About Sempra Energy
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It provides electric services to a population of approximately 3.7 million and natural gas services to approximately 3.4 million of that population covering an area of 4,100 square miles.
Recommended Story: Cost of Equity For A Business, Investors
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.