StockNews.com Lowers Sempra (NYSE:SRE) to Sell

StockNews.com downgraded shares of Sempra (NYSE:SREFree Report) from a hold rating to a sell rating in a research report released on Saturday morning.

Several other research firms also recently weighed in on SRE. BMO Capital Markets raised shares of Sempra from a market perform rating to an outperform rating and boosted their target price for the stock from $76.00 to $84.00 in a research report on Thursday, January 11th. Mizuho reduced their target price on Sempra from $83.00 to $79.00 and set a buy rating on the stock in a report on Thursday, January 25th. JPMorgan Chase & Co. upgraded Sempra from a neutral rating to an overweight rating and boosted their price target for the company from $78.00 to $86.00 in a report on Tuesday, December 12th. Barclays raised their price objective on Sempra from $76.00 to $77.00 and gave the stock an overweight rating in a research note on Monday, January 22nd. Finally, Morgan Stanley lowered their target price on shares of Sempra from $75.00 to $73.00 and set an equal weight rating for the company in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Sempra has a consensus rating of Moderate Buy and a consensus target price of $81.83.

View Our Latest Report on SRE

Sempra Trading Up 1.5 %

Shares of SRE opened at $70.69 on Friday. The stock’s fifty day simple moving average is $73.38 and its 200 day simple moving average is $71.82. Sempra has a twelve month low of $63.75 and a twelve month high of $80.15. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $44.49 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.91 and a beta of 0.72.

Insider Activity

In other news, CEO Jeffrey W. Martin sold 34,190 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.83, for a total transaction of $2,421,677.70. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at approximately $141.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sempra

Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sempra by 0.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,141,824 shares of the utilities provider’s stock worth $191,963,000 after acquiring an additional 6,246 shares during the last quarter. Acadian Asset Management LLC boosted its position in Sempra by 780.0% in the first quarter. Acadian Asset Management LLC now owns 1,804 shares of the utilities provider’s stock valued at $302,000 after buying an additional 1,599 shares in the last quarter. Cibc World Market Inc. bought a new stake in shares of Sempra during the first quarter worth $782,000. Dimensional Fund Advisors LP increased its holdings in shares of Sempra by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 668,646 shares of the utilities provider’s stock worth $112,411,000 after buying an additional 23,431 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of Sempra by 77.4% in the 1st quarter. Vontobel Holding Ltd. now owns 13,575 shares of the utilities provider’s stock valued at $2,276,000 after acquiring an additional 5,924 shares during the last quarter. 84.83% of the stock is owned by institutional investors.

About Sempra

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Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.

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