Market Update (NYSE:SRE): Sempra Energy Declares Common Dividend

[PR Newswire] – SAN DIEGO, Dec. 15, 2015 /PRNewswire/ — The board of directors of Sempra Energy (SRE) today declared a quarterly dividend of $0.70 per share of common stock. The current dividend is payable Jan. 15, 2016, to shareholders of record on Dec. 28, 2015. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2014 revenues of $11 billion. The Sempra Energy companies’ 17,000 employees serve more than 32 million consumers worldwide. Read more on this. Sempra Energy (SRE) , with a current value of $23.19B, opened at $92.33. Looking at today’s market, SRE one day range is $92.14 to $93.39 with a one year range of $89.44 to $116.30. SRE shares are currently priced at 18.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.78x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.80 per share annually in dividends, yielding 3.07%. In a review of the consensus earnings estimate this quarter, 6 sell-side analysts are looking at $1.33 per share, which would be $0.10 better than the year-ago quarter and a $0.12 sequential increase. The full-year EPS estimate is $5.06 which would be a $0.35 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.82 Billion. If realized, that would be a 38.91% increase over the year-ago quarter. More recently, UBS Initiated SRE at Buy (Apr 14, 2014). Previously, Barclays upgraded SRE from Equal Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $119.27, which is 29.18% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Company Update: Sempra Energy (NYSE:SRE) – Sempra U.S. Gas & Power Receives Renewable Energy Award at National Clean Energy Summit Stock Update: Sempra Energy (NYSE:SRE) – Sempra Energy Reports Second-Quarter 2015 Earnings Company Update: Sempra Energy (NYSE:SRE) – Sempra Energy Declares Common Dividend