Bank of America Securities Reaffirms Their Buy Rating on Sempra Energy (SRE)

In a report released today, Ross Fowler from Bank of America Securities maintained a Buy rating on Sempra Energy, with a price target of $100.00.

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According to TipRanks, Fowler is a 4-star analyst with an average return of 6.1% and a 61.50% success rate. Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Evergy, and American Water.

In a report released on June 9, Argus Research also maintained a Buy rating on the stock with a $105.00 price target.

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 neutral on the stock. Last month, Pablo Ferrero, a Director at SRE sold 2,600.00 shares for a total of $232,778.00.