Stock Update (NYSE:SRE): Sempra U.S. Gas & Power Closes Sale Of Stake In Rockies Express Pipeline

[PR Newswire] – SAN DIEGO, May 9, 2016 /PRNewswire/ — Sempra U.S. Gas & Power, a unit of Sempra Energy (NYSE: SRE), today announced that it has completed the previously announced transaction with Tallgrass Energy Partners, … Read more on this. Sempra Energy (SRE) , with a current value of $26.08B, started the session at $104.90. Looking at today’s trading action, the company’s one day range from $104.19 to $105.09 with its 52-week range being $86.72 to $108.44. SRE shares are currently priced at 21.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.10x earnings multiple for the same period. The company pays shareholders $3.02 per share in dividend income per year, for a current yield of 2.88%. In a review of the consensus earnings estimate this quarter, 8 sell-side analysts are looking at $0.99 per share, which would be $0.04 worse than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.94, which would be a $0.27 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.69 Billion. If realized, that would be a 13.50% 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. Given all the information above, we should disclose to readers that the average price target is $114.42, which is 9.08% above than it opened this morning. See more in (NYSE:SRE) Similar Articles: Stock Update (NYSE:SRE): Sempra U.S. Gas & Power To Sell Parent Company Of Mobile Gas And Willmut Gas Market Update (NYSE:SRE): Sol Systems and Sempra U.S. Gas & Power Partner to Take Aim at Distributed Generation Stock Update: Sempra Energy (NYSE:SRE) – Scott+Scott, Attorneys at Law, LLP Announces Investigation of Sempra Energy