Sempra Energy (SRE): Time to Buy this stock

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Sempra Energy (NYSE:SRE) changes shares on Tuesday trading session, with a change of 0.79% or $0.98 shares. The trading starts at $123.44 and closed at $124.04 throughout the day. The trading session low price was $123.44 and day high was $125.51 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 1.5 million while its average volume is 1.83M. In other hand, the SRE market cap reached to $36.37B. While, its current target price is $143.69.

On May 21, 2020, UPDATE 1-Saudi Aramco’s Bahri puts LNG tanker plan on hold – sources. According to the news reported on Reuters, * Move on hold after Sempra’s decision to delay Port Arthur (Adds detail)

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.30% and up 3.79% for month. Its quarterly performance was 0.64% above, while its half year performance is down -21.36%. SRE yearly performance stood at negative -5.37% and fall -17.47% for year-to-date. Current recommendation for Sempra Energy is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SRE EPS (TTM) for 12-month is 6.34. EPS for this year is 120.00%, while for the next year its value is 7.94. Sales growth for the current quarter is 3.69 while its EPS Q/Q reached 24.30%. It has an EPS of 5.30% up for past five years and for the next five years will be up 5.35%.

Let’s take a look on the analyst recommendations on SRE for the current month and previous month. For the current month, 12 of 18 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 19 analysts participate in stock recommendation. Out of 19, 0 rated it sell, 11 rated it as Buy and 8 as Hold Ratings. On the other hand, target price ranges from $133.00 – $177.00. Average target price for SRE was reached at $143.29.

Price (T.Rowe) Associates Inc, Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in Sempra Energy (SRE) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 28.83 million shares which valued 3.26 billion. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 25.01 million shares which valued at 2.83 billion. On Mar 30, 2020, Blackrock Inc. has a total of 22.19 million shares which valued at 2.51 billion. In the end, Blackrock Inc. have 7.58% shares outstanding of Sempra Energy (SRE) on Mar 30, 2020. The insider ownership moved to 0.06% and institutional holding shifted to 87.90%.

The company posted an EPS (TTM) of 6.34. According to the most recent quarter report on (Jun 2020), 16 analysts estimated an average EPS of 1.5, while 1.1 EPS posted a year ago period. Analyst Estimated EPS for SRE published in the report was $1.06 – $1.82 during the same period. Comparing with last year, the average estimated EPS was 1.1 which is lower than 3.08 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SRE fall -7.39% for period of 200 days. SMA for 50 days was 1.12% which is showing green signal, while SMA-20 was 1.78%. The moving average value for Sempra Energy (SRE) is 128.98 and 121.69 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SRE stock. On Jun 18, MIHALIK TREVOR I, Executive VP and CFO, sold 10,281 trading shares at the cost of $124.16, which valued at 1.28 million. On Mar 13, ARRIOLA DENNIS V, Executive VP & Group President, bought 1,000 shares at the cost of $100.73, with total shares of 44,794. On Jan 21, WALL PETER R, VP, Controller and CAO, sold 1,569 shares at the cost of 156.84. After this transaction, WALL PETER R total shares reached to 2,242 which valued at 0.25 million.