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Goldman Sachs Sticks to Their Buy Rating for Sempra Energy (SRE)

Tipranks - Tipranks - Thu May 21, 7:08AM CDT

Goldman Sachs analyst maintained a Buy rating on Sempra Energy today and set a price target of $109.00.

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In a report released on May 18, Truist Financial also maintained a Buy rating on the stock with a $104.00 price target.

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Based on Sempra Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.66 billion and a net profit of $1.15 billion. In comparison, last year the company earned a revenue of $3.8 billion and had a net profit of $917 million

Based on the recent corporate insider activity of 54 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. Earlier this month, Pablo Ferrero, a Director at SRE sold 2,600.00 shares for a total of $232,778.00.

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