Sempra Energy (SRE) Gets a Buy from Morgan Stanley
Morgan Stanley analyst David Arcaro assigned a Buy rating to the stock yesterday. The company’s shares closed yesterday at $93.46.
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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy. According to TipRanks, Arcaro has an average return of 14.7% and a 68.13% success rate on recommended stocks.
In addition to Morgan Stanley, Sempra Energy also received a Buy from Wells Fargo’s Shahriar Pourreza in a report issued yesterday. However, on March 21, TipRanks – Anthropic reiterated a Hold rating on Sempra Energy (NYSE: SRE).
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. Earlier this 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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