Sempra Energy (SRE) : 8 analysts are covering Sempra Energy (SRE) and their average rating on the stock is 1.81, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sempra Energy (SRE) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sempra Energy (SRE) : 6 investment research analysts covering Sempra Energy (SRE) have an average price target of $121 for the near short term. The highest target price given by the Brokerage Firm to the stock is $127 and the lowest target is $116 for the short term. Analysts expect the variance to be within $4.34 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Sempra Energy (NYSE:SRE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.86 and $106.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.99, notching a gain of 0.22% for the day. The total traded volume was 813,404 . The stock had closed at $106.76 on the previous day.
In a related news, The director, of Sempra Energy, Jones William D /Ca/ had unloaded 10,000 shares at $109.69 per share in a transaction on June 9, 2016. The total value of transaction was $1,096,900. The Insider information was revealed by 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.