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Stock Update: Sempra Energy (NYSE:SRE) – Scott+Scott, Attorneys at Law, LLP Announces Investigation of Sempra Energy

[Business Wire] – Scott+Scott, Attorneys at Law, LLP , a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Sempra Energy to determine whether Sempra’s Officers and Directors have breached their fiduciary duties owed to Sempra and its shareholders. Read more on this. Sempra Energy (SRE) , with a current value of $23.87B, started trading this morning at $94.75. Looking at today’s market, SRE one day range is $94.01 to $96.48 with a trailing 52-week range being $86.72 to $112.90. SRE shares are currently priced at 18.84x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 8.46x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.80 per share annually in dividends, yielding 2.95%. According to a consensus of 10 analysts, the earnings estimate of $1.32 per share would be $0.09 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.06, which would be a $0.35 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.81 Billion. If realized, that would be a 38.55% increase over the year-ago quarter. Recently, UBS Initiated SRE at Buy (Apr 14, 2014). Previously, Barclays upgraded SRE from Equal Weight to Overweight. The average price target for SRE shares is $116.60, which is 23.06% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Company Update: Sempra Energy (NYSE:SRE) – SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Shareholders of Sempra Energy – SRE Stock Update: Sempra Energy (NYSE:SRE) – Sempra Energy Named To Dow Jones Sustainability Indices Company Update: Sempra Energy (NYSE:SRE) – Sempra U.S. Gas & Power Receives Renewable Energy Award at National Clean Energy Summit
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