Blurbs

J.P. Morgan Remains a Hold on Sempra Energy (SRE)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Sempra Energy (SREResearch Report) yesterday and set a price target of $166.00. The company’s shares closed last Thursday at $153.49.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 5.2% and a 54.5% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Dcp Midstream Partners.

Currently, the analyst consensus on Sempra Energy is a Moderate Buy with an average price target of $172.75, which is a 13.3% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $160.00 price target.

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Sempra Energy’s market cap is currently $48.02B and has a P/E ratio of 48.55.

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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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