Sempra Energy (SRE) Gets a Hold Rating from Morgan Stanley


Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Sempra Energy (NYSE: SRE) today and set a price target of $120. The company’s shares closed yesterday at $114.32.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Sempra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $124.29.

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Based on Sempra Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.56 billion and GAAP net loss of $535 million. In comparison, last year the company earned revenue of $2.52 billion and had a net profit of $260 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.

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