Goldman Sachs Sticks to Their Buy Rating for Sempra Energy (SRE)
In a report released today, Carly Davenport from Goldman Sachs maintained a Buy rating on Sempra Energy, with a price target of $107.00.
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According to TipRanks, Davenport is a 4-star analyst with an average return of 7.0% and a 71.88% success rate. Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, Public Service Enterprise, and Eversource Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sempra Energy with a $105.50 average price target.
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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