Sempra Energy (SRE) Moves Higher on Volume Spike for March 15

Equities Staff  |

Sempra Energy (SRE) traded on unusually high volume on Mar. 15, as the stock gained 0.14% to close at $124.62. On the day, Sempra Energy saw 2.47 million shares trade hands on 14,113 trades. Considering that the stock averages only a daily volume of 1.54 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $127.22 and $100.49 over the last 52-weeks, its 50-day SMA is now $116.21, and its 200-day SMA $113.41. Sempra Energy has a P/B ratio of 2.29. It also has a P/E ratio of 36.5.

Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas and Electric distribute gas to more than 20 million customers, while Oncor serves over 10 million Texas customers. The firm's other affiliates own and operate merchant renewable energy projects, liquefied natural gas facilities, and gas pipes and storage in the U.S. and Latin America, as well as gas and electric utilities.

Headquartered in San Diego, CA, Sempra Energy has 16,823 employees and is currently under the leadership of CEO Jeffrey W. Martin.

For a complete fundamental analysis analysis of Sempra Energy, check out Equities.com’s Stock Valuation Analysis report for SRE.

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To get more information on Sempra Energy and to follow the company’s latest updates, you can visit the company’s profile page here: SRE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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