Sempra Energy (SRE) : Traders are bullish on Sempra Energy (SRE) as it has outperformed the S&P 500 by a wide margin of 0.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.07%, relative to the S&P 500. The stock has risen by 3.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.23% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.12% and the 50-Day Moving Average is 1.79%.The 200 Day SMA reached 4.74% Sempra Energy has dropped 2.1% during the last 3-month period . Year-to-Date the stock performance stands at 15.03%.
Sempra Energy (SRE) : The highest level Sempra Energy (SRE) is projected to reach is $125 for the short term and the lowest estimate is at $116. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $121 and the possibility the share price can swing is $3.39.
For the current week, the company shares have a recommendation consensus of Buy. Sempra Energy (NYSE:SRE): The stock opened at $105.32 and touched an intraday high of $106.77 on Friday. During the day, the stock corrected to an intraday low of $104.37, however, the bulls stepped in and pushed the price higher to close in the green at $106.62 with a gain of 1.35% for the day. The total traded volume for the day was 4,958,485. The stock had closed at $106.62 in the previous trading session.
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.