Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Sempra Energy (SRE – Research Report) today and set a price target of $155.00. The company’s shares closed last Friday at $135.82.
According to TipRanks.com, Byrd is a 5-star analyst with an average return of 9.2% and a 58.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Nextera Energy Partners, and Pinnacle West Capital.
Sempra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $151.56, an 11.8% upside from current levels. In a report issued on January 19, Bank of America Securities also maintained a Hold rating on the stock with a $141.00 price target.
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Sempra Energy’s market cap is currently $43.07B and has a P/E ratio of 36.75.
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Sempra Energy is an energy service company which engages in the sale, distribution, storage and transportation of electricity and natural gas. The company has over 35 million customers across North America, with a strong focus on the most attractive markets including California, Texas, Mexico and the LNG export market.
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