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Company Update (NYSE:SRE): SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Sempra Energy and Certain Officers – SRE

[GlobeNewswire] – NEW YORK, March 01, 2016– Pomerantz LLP announces that a class action lawsuit has been filed against Sempra Energy, and certain of its officers. The class action, filed in United States District Court, … Read more on this. Sempra Energy (SRE) , with a current value of $23.92B, opened this morning at $97.22. Today’s price range has been between $96.14 and $97.35 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 18.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.19x earnings multiple. The company pays shareholders $3.02 per share in dividend income per year, for a current yield of 3.16%. Consensus earnings for the current quarter by the 4 sell-side analysts covering the stock is an estimate of $1.76 per share, which would be $0.05 better than the year-ago quarter and a $0.12 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.21 is a $0.00 setback 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 $2.96 Billion. If realized, 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. With the above information in mind, readers should note that the average price target is $114.40, which is 17.67% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – Pomerantz Law Firm Announces the Filing of a Class Action Against The Boeing Company and Certain Officers – BA Stock Update: Sempra Energy (NYSE:SRE) – IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces An Ongoing Investigation of Claims Against Sempra Energy And Strongly Encourages With Losses In Excess of $300,000 To Contact The Firm Company Update: Sempra Energy (NYSE:SRE) – SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Shareholders of Sempra Energy – SRE
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