Sempra Energy (SRE) Gets a Buy from Barclays
In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on Sempra Energy, with a price target of $105.00.
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According to TipRanks, Campanella is a 5-star analyst with an average return of 12.8% and a 71.50% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Dominion Energy, and Talen Energy Corp.
Currently, the analyst consensus on Sempra Energy is a Strong Buy with an average price target of $105.50.
Based on Sempra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.77 billion and a net profit of $352 million. In comparison, last year the company earned a revenue of $3.75 billion and had a net profit of $676 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SRE in relation to earlier this year. Last month, Jennifer Kirk, a Director at SRE bought 1,000.00 shares for a total of $93,440.00.
Read More on SRE:
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