Morgan Stanley Reaffirms Their Hold Rating on Sempra Energy (SRE)

Morgan Stanley analyst David Arcaro maintained a Hold rating on Sempra Energy (SREResearch Report) today and set a price target of $150.00. The company’s shares closed yesterday at $147.51.

According to TipRanks, Arcaro is an analyst with an average return of -5.5% and a 30.95% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Edison International, and NextEra Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sempra Energy with a $169.89 average price target, representing a 15.17% upside. In a report released on March 8, J.P. Morgan also maintained a Hold rating on the stock with a $166.00 price target.

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SRE market cap is currently $45.72B and has a P/E ratio of 21.96.

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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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