HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES
Zacks Rank    Equity Research    Premium Home    My Account    Help    
A Better Way to Make Money in Today's Market
Learn more now >>
Quote:
Login Free Membership
Search:

 
Bull of the Day

Sempra Energy (SRE)

March 03, 2009 | Comments: 0
Recommended this article (0)
SRE
Print    Share

Looking ahead, a base of stable earnings, steady progress at Sempra Energy's (SRE - Analyst Report) LNG terminals, regulatory approval of utility rate cases and the Sunrise Powerlink transmission line, operational REX-West, and completion of its first solar power project, collectively support the bullish outlook for SRE.

Furthermore, given a discount in P/E multiples, we maintain our BUY recommendation on SRE with a six-month target price of $45.50.

Price appreciation to our near-term valuation target coupled with a sustainable and secure, recently increased quarterly dividend of $0.39 per share based on low projected earnings payouts represents annualized total return potential of 23.9%.


Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Read/Post Comments (0) | Recommended this article (0)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!

More Zacks Resources

Market Summary Nov 07, 2009 22:05 pm ET
DJIA 10023.42  17.46 0.17%
NASD 2112.44  7.12 0.34%
S&P 500 1069.3  2.67 0.25%
Sponsored Links