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Company Update (NYSE:SRE): Lawsuit for Porter Ranch Homeowners and Lawsuit for Investors in Sempra Energy (NYSE:SRE) Shares Announced by Shareholders Foundation

[GlobeNewswire] – SAN DIEGO, Feb. 29, 2016– The Shareholders Foundation, Inc. announces that a consumer lawsuit was filed for homeowners in Porter Ranch that have been affected by the gas leak from a Southern California … Read more on this. Sempra Energy (SRE) , valued at $24.05B, started trading this morning at $95.40. A quick look at the market, the company’s stock traded between $95.04 and $96.95 and has traded between $86.72 and $112.90 over the past 12 months. SRE shares are currently priced at 18.00x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.16x earnings multiple. The company pays shareholders $3.02 per share annually in dividends, yielding 3.05%. Consensus earnings for the current quarter by the 3 sell-side analysts covering the stock is an estimate of $1.86 per share, which would be $0.15 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.31 would be a $0.10 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.96 Billion. If reported, that would be a 10.45% increase over the year-ago quarter. Recently, UBS Initiated SRE at Buy (Apr 14, 2014). Previously, Barclays upgraded SRE from Equal Weight to Overweight. Investors should keep in mind is that the average price target is $116.90, which is 22.54% 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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