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Market Update: Sempra Energy (NYSE:SRE) – Sempra Energy Releases Latest Corporate Responsibility Report

[PR Newswire] – SAN DIEGO, June 21, 2016 /PRNewswire/ — Sempra Energy (NYSE: SRE) today released its 2015 corporate responsibility report, “People, Priorities and Performance.” The report describes Sempra Energy’s … Read more on this. Sempra Energy (SRE) , currently valued at $27.43B, started the session at $109.37. During today’s session, SRE traded between $109.16 to $110.01 with a one year range of $86.72 to $110.40. SRE shares are currently priced at 22.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.26x earnings multiple. The company pays shareholders $3.02 per share in dividend income per year, for a current yield of 2.75%. Consensus earnings for the current quarter by the 7 sell-side analysts covering the stock is an estimate of $0.98 per share, which would be $0.05 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.84, which would be a $0.37 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.68 Billion. If reported, that would be a 13.08% increase over the year-ago quarter. In terms of ratings, UBS Initiated SRE at Buy (Apr 14, 2014). Previously, Barclays upgraded SRE from Equal Weight to Overweight. The average price target for SRE shares by the analysts covering the stock is $113.73, which is 3.99% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Stock Update (NYSE:SRE): Sempra Energy To Report First-Quarter 2016 Earnings May 4 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 Market Update: Sempra Energy (NYSE:SRE) – SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors of Class Action Involving Sempra Energy and a Lead Plaintiff Deadline of May 2, 2016 – SRE
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