In a report released today, Julien Dumoulin Smith from Merrill Lynch maintained a Hold rating on Sempra Energy (NYSE: SRE), with a price target of $113. The company’s shares opened today at $110.11.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 5.2% and a 64.9% success rate. Smith covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, El Paso Electric Company, and Nextera Energy Partners.
Sempra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $119.
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Based on Sempra Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.96 billion and net profit of $375 million. In comparison, last year the company earned revenue of $3.03 billion and had a net profit of $441 million.
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Sempra Energy is an energy-service holding company, whose operating units invests in, developing and operating energy infrastructure, and provide gas and electricity services to their customers in North and South America.
