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Stock Update (NYSE:SRE): Sempra U.S. Gas & Power To Sell Parent Company Of Mobile Gas And Willmut Gas

[PR Newswire] – SAN DIEGO, April 26, 2016 /PRNewswire/ — Sempra U.S. Gas & Power, a unit of Sempra Energy (NYSE: SRE), today announced that it has signed a definitive agreement to sell EnergySouth, Inc. (EnergySouth), … Read more on this. Sempra Energy (SRE) , with a current market cap of $25.39B, opened this morning at $101.65. Today, shares have traded between $100.44 and $102.07 per share and has traded between $86.72 and $109.08 over the past year. SRE shares are currently priced at 20.30x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.86x earnings multiple. And for dividend hunters, the company pays shareholders $3.02 per share annually in dividends, yielding 2.99%. According to a consensus of 9 analysts, the earnings estimate of $1.65 per share would be $0.06 worse than the year-ago quarter and a $0.21 sequential decrease. The full-year EPS estimate is $4.99 which would be a $0.22 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.05 Billion. If reported, that would be a 13.81% 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 $114.33, which is 12.47% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Company Update: Sempra Energy (NYSE:SRE) – Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sempra Energy of Class Action Lawsuit and Upcoming Deadline – SRE Company Update: Sempra Energy (NYSE:SRE) – INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Sempra Energy of Class Action Lawsuit and a Lead Plaintiff Deadline of May 2, 2016 — SRE Market Update (NYSE:SRE): Sol Systems and Sempra U.S. Gas & Power Partner to Take Aim at Distributed Generation
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