Merrill Lynch analyst Julien Dumoulin Smith reiterated a Hold rating on Sempra Energy (NYSE:SRE) on Tuesday, setting a price target of $127, which is approximately 5.90% above the present share price of $119.93.
Dumoulin Smith expects Sempra Energy to post earnings per share (EPS) of $1.57 for the second quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Sempra Energy, with an average price target of $140.08.
The analysts price targets range from a high of $167 to a low of $112.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $2.94 billion and a net profit of $782 million. The company's market cap is $36.29 billion.
According to TipRanks.com, Merrill Lynch analyst Julien Dumoulin Smith is a 3-star analyst with an average return of 0.9% and a 53.3% success rate.
Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG. The SDG&E segment delivers electricity in San Diego County and Southern Orange City. The SoCalGas segment owns and operates a natural gas distribution, transmission, and storage systems. The Sempra Texas Utilities segment comprises the equity method investments in Oncor Holdings and Sharyland Holdings. The Sempra Mexico segment includes the operating companies of IENova. The Sempra LNG segment develops natural gas storage and related pipeline facilities. The company was founded on October 11, 1996 and is headquartered in San Diego, CA.