Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Sempra Energy (SRE) today and set a price target of $141. The company’s shares closed last Monday at $138.90, close to its 52-week high of $141.86.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -2.0% and a 51.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sempra Energy with a $145.20 average price target, implying a 4.8% upside from current levels. In a report issued on August 13, Barclays also initiated coverage with a Hold rating on the stock with a $142 price target.
See today’s analyst top recommended stocks >>
Sempra Energy’s market cap is currently $38.04B and has a P/E ratio of 20.13. The company has a Price to Book ratio of 2.50.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.
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.
