In a report released today, Neil Kalton from Wells Fargo maintained a Buy rating on Sempra Energy (SRE), with a price target of $130. The company’s shares closed yesterday at $118.90.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of 6.1% and a 72.7% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, PG&E Corp, and Exelon.
Sempra Energy has an analyst consensus of Strong Buy, with a price target consensus of $129.
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Based on Sempra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.22 billion and net profit of $900 million. In comparison, last year the company earned revenue of $2.97 billion and had a GAAP net loss of $501 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Joseph Householder, the President & COO of SRE sold 11,600 shares for a total of $1,335,624.
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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.
