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Market Update (NYSE:SRE): Sempra Energy Raises Annualized Dividend By 8 Percent

[PR Newswire] – Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2014 revenues of $11 billion. The Sempra Energy companies’ 17,000 employees serve more than 32 million consumers worldwide. Read more on this. Sempra Energy (SRE) , currently valued at $24.04B, started trading this morning at $96.66. Today’s price range has been between $95.74 and $97.30 per share with the price of the stock fluctuating between $86.72 to $112.90 over the last 52 weeks. SRE shares are currently priced at 18.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 11.76x earnings multiple. The company pays shareholders $2.80 per share in dividend income per year, for a current yield of 2.96%. 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. Investors should also note that the full-year EPS estimate of $5.06 is a $0.35 improvement when compared to the previous 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. With the above information in mind, readers should note that the average price target is $116.90, which is 20.94% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Market Update (NYSE:SRE): Sempra Energy Declares Common Dividend 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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