Sempra Energy (NYSE: SRE) Rating Reiterated at Argus

Sempra Energy (NYSE: SRE) had its Buy rating reiterated by equities researchers at Argus in a research note to investors. With a rating of Buy on the shares, the company has a 52-week high of $114.66. The one-year price target of $118.92 is above the opening price of $108.18, that has caused a number of other analysts to issue statements on the stock in recent days. Share prices often shift to the upside on recommendations and new price targets of professional analysts.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday Sempra Energy (NYSE: SRE) shares last traded at $108.42, which represents an increase of $0.48 over the previous closing price. Opening at $108.18, they ranged from $108.16 and $109.49 throughout the day.

Sempra Energy (NYSE: SRE) currently has a market cap of 27.12B.

The stock’s average daily volume is 1,186,750 shares out of a total float 249,758,000 and some 1,468,030 shares crossed the trading desk yesterday, 102 percent higher than the norm. Excessive volume accumulation by institutional investors may be in the near future as the combination of large expansions in trading volume and price growth can be indicative components.

While higher trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks delivers a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these have substantial teams of analysts researching thousands of stocks, so it is good validation to see them taking a postion in a stock you’re researching.

By tracking the activity of these professional investors and how they influence moving averages, traders can make smarter trades.

Trades for Sempra Energy (NYSE: SRE) have ranged from $86.72 – 114.66, and the stock now has a 50-day MA of $106.32 and 200-day MA of $106.50. Today’s last price is 0.05% under the 52 week high of $114.66.

Earnings growth is an important factor to look at when buying stocks and investors identify companies that have been successful at growing their earnings at least 25% or more for 3 consecutive years.

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