In a report released today, Sophie Karp from KeyBanc maintained a Hold rating on Sempra Energy (SRE – Research Report). The company’s shares closed yesterday at $71.06.
Karp covers the Utilities sector, focusing on stocks such as Duke Energy, Consolidated Edison, and Northwestern. According to TipRanks, Karp has an average return of 2.7% and a 48.64% success rate on recommended stocks.
Sempra Energy has an analyst consensus of Strong Buy, with a price target consensus of $82.64.
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Based on Sempra Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.33 billion and a net profit of $721 million. In comparison, last year the company earned a revenue of $3.62 billion and had a net profit of $485 million
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Sempra Energy (SRE) Company Description:
Sempra Energy is an energy service company which engages in the sale, distribution, storage and transportation of electricity and natural gas. The company has over 35 million customers across North America, with a strong focus on the most attractive markets including California, Texas, Mexico and the LNG export market.
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