Sempra Energy (NYSE:SRE):
Sempra Energy’s IEnova Unit Awarded $155 Million Liquid Fuels Project In Veracruz.
The company is trading up by 0.64 percent from yesterday’s close.
Sempra Energy declared a dividend that will be paid on Saturday the 15th of July 2017. The dividend will be $0.823 per share for the quarter or $3.29 on an annualized basis. The dividend yield will be $2.98. The ex-dividend date will be on Tuesday March 21st, 2017.
Sempra Energy, launched on October 11, 1996, is a holding company. The Business’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. As of December 31, 2016, SDG&E’s service area covered 4,100 square miles..
Shares are trading at $111.50 which is marginally lower than the 50 day moving average which is $114.20 and just above the 200 day moving average of $108.83. The 50 day moving average was down $-2.70 and the 200 day average went up by +2.45%.
The company currently has a P/E ratio of 19.19 and market capitalization is 27.97B. As of the latest earnings report the EPS was $5.81 and is projected to be $5.10 for the current year with 250,831,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.02 and the next full year EPS is projected to be $5.62.
Ratings firms have released ratings on the stock recently. On June 8 the company was downgraded from “Overweight” to “Equal-Weight” in a report issued by Barclays. Equity analyst Goldman Sachs downgraded the stock and lowered the price target on June 5 cutting the price target from $130.00 to $108.00 and moving the rating from “Buy” to “Neutral”.
On June 5 the stock rating was downgraded to “Neutral” from “Buy” and a price target of $108.00 was set in a statement from Goldman Sachs. On April 1 Barclays kept the stock rating at “Overweight” but raised the price expectation from $110.00 to $114.00.
February 29 investment analysts at Barclays kept the company rating at “Overweight” but lowered the price target to $110.00 from $111.00. On January 4 Barclays left the stock rating at “Overweight” and moved down the price target to $111.00 from $115.00.