In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Sempra Energy (SRE), with a price target of $159.00. The company’s shares closed last Monday at $149.09, close to its 52-week high of $149.69.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of 0.0% and a 53.7% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, South Jersey Industries, and Pinnacle West Capital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sempra Energy with a $157.50 average price target.
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Sempra Energy’s market cap is currently $41.94B and has a P/E ratio of 17.22. The company has a Price to Book ratio of 2.56.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SRE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sempra Energy is an energy-service holding company, whose operating units invests in, developing and operating energy infrastructure, and provides gas and electricity services to their customers in North and South America.
