J.P. Morgan Keeps Their Hold Rating on Sempra Energy (SRE)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Sempra Energy (SREResearch Report) on August 9 and set a price target of $177.00. The company’s shares closed yesterday at $163.48.

Tonet covers the Industrial Goods sector, focusing on stocks such as Cheniere Energy, Oneok, and TC Energy. According to TipRanks, Tonet has an average return of 6.7% and a 59.88% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sempra Energy with a $171.86 average price target, representing a 5.13% upside. In a report released on August 5, BMO Capital also maintained a Hold rating on the stock with a $169.00 price target.

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The company has a one-year high of $171.93 and a one-year low of $116.77. Currently, Sempra Energy has an average volume of 1.55M.

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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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