Sempra Energy (SRE) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $1.27 earnings per share for the quarter, missing the analyst consensus estimate by $-0.39. Analysts had a consensus of $1.66. The company posted revenue of $2622.00 million in the period, compared to analysts expectations of $3053.53 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.
Many Wall Street Analysts have commented on Sempra Energy. Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 110 from a previous price target of $111 .
Sempra Energy opened for trading at $103.47 and hit $105.32 on the upside on Monday, eventually ending the session at $104.89, with a gain of 1.49% or 1.54 points. The heightened volatility saw the trading volume jump to 17,99,146 shares. Company has a market cap of $26,140 M.
In a different news, on Mar 4, 2016, William G Ouchi (director) sold 5,000 shares at $97.73 per share price. According to the SEC, on Mar 1, 2016, Steven D Davis (Executive Vice President) sold 8,500 shares at $96.29 per share price. On Jan 20, 2016, G Joyce Rowland (Senior VP) sold 76 shares at $89.87 per share price, according to the Form-4 filing with the securities and exchange commission.
Sempra Energy is a holding company. The Companys principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International which includes Sempra South American Utilities and Sempra Mexico segments and Sempra U.S. Gas & Power which includes Sempra Renewables and Sempra Natural Gas segments. Sempra Mexico segment includes the operating companies of the Companys subsidiary Infraestructura Energetica Nova S.A.B. de C.V. as well as certain holding companies and risk management activity. SoCalGas and SDG&E sell distribute and transport natural gas. The Company’s units distribute electricity. SoCalGas also provides natural gas storage services.