Analyst Rating Update on Sempra Energy (SRE)

Sempra Energy (NYSE:SRE) has an average broker rating of 1.81, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Sempra Energy (NYSE:SRE) : The highest level Sempra Energy (NYSE:SRE) is projected to reach is $125 for the short term and the lowest estimate is at $114. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $119.5 and the possibility the share price can swing is $4.68.

For the current week, the company shares have a recommendation consensus of Buy.

Sempra Energy (NYSE:SRE): On Tuesdays trading session , Opening price of the stock was $110.79 with an intraday high of $111.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $109.59. However, the stock managed to close at $110.44, a loss of 0.18% for the day. On the previous day, the stock had closed at $110.635. The total traded volume of the day was 1,498,465 shares.

In an insider trading activity, Jones William D /Ca/, director of Sempra Energy, unloaded 10,000 shares at an average price of $109.69 on June 9, 2016. The total amount of the transaction was worth $1,096,900, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Sempra Energy is a holding company. The Companys principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments. Sempra Mexico segment includes the operating companies of the Companys subsidiary, Infraestructura Energetica Nova, S.A.B. de C.V., as well as certain holding companies and risk management activity. SoCalGas and SDG&E sell, distribute and transport natural gas. The Companys units distribute electricity. SoCalGas also provides natural gas storage services.

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