Sempra Energy The energy services company reported Tuesday fourth-quarter earnings of $292 million, or $1.21 a share, up from $280 million, or $1.15 a share, a year earlier. "In our view, SRE is more likely to do a high single digit div increase over the next several years and grow into an average yield," Bank of America Merrill Lynch analysts wrote in a Feb. 14 report. "Some investors may be expecting another larger than normal dividend increase of around 15% in Feb. 2012, which is possible, but the yield would still be below average (3.8%)." Shares of Sempra Energy hit a 52-week high on Tuesday of $59. The stock's 52-week low of $44.78 was on Aug. 9. Sempra Energy has a forward P/E of 12; the average for multi-utility companies is 14.44. For comparison, both Duke Energy ( DUK) and Centerpoint Energy ( CNP) have higher forward P/Es of 14.27 and 15.77, respectively. Eight of the 12 analysts who cover Sempra Energy rated it a hold. Three analysts gave it a buy rating and one rated it sell. TheStreet Ratings gives Sempra Energy an A grade with a buy rating and a $66.61 price target.