Sempra Energy (NYSE:SRE) Stock Rating Lowered by The Goldman Sachs Group

Sempra Energy (NYSE:SRE) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports.

SRE has been the topic of several other reports. Wells Fargo & Company decreased their target price on shares of Sempra Energy from $152.00 to $143.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 28th. BMO Capital Markets dropped their price target on shares of Sempra Energy from $151.00 to $145.00 and set a “market perform” rating for the company in a research note on Friday, June 25th. Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a research note on Wednesday, June 30th. Morgan Stanley decreased their price objective on shares of Sempra Energy from $156.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, September 17th. Finally, KeyCorp reduced their price target on shares of Sempra Energy from $141.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, July 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $147.14.

Shares of NYSE:SRE opened at $126.85 on Tuesday. The stock has a market cap of $40.51 billion, a P/E ratio of 18.08, a P/E/G ratio of 3.33 and a beta of 0.64. The firm has a fifty day moving average price of $130.95 and a 200 day moving average price of $133.86. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.47. Sempra Energy has a 1-year low of $114.66 and a 1-year high of $144.93.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, August 5th. The utilities provider reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Sempra Energy had a net margin of 18.44% and a return on equity of 10.40%. Sempra Energy’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. Sell-side analysts expect that Sempra Energy will post 8.15 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Ossiam grew its stake in Sempra Energy by 10.1% in the first quarter. Ossiam now owns 797 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 73 shares in the last quarter. Lido Advisors LLC lifted its holdings in Sempra Energy by 4.8% during the 2nd quarter. Lido Advisors LLC now owns 1,660 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 76 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in Sempra Energy by 5.1% in the 3rd quarter. Wesbanco Bank Inc. now owns 1,699 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 82 shares in the last quarter. Hotaling Investment Management LLC raised its holdings in shares of Sempra Energy by 1.1% during the 2nd quarter. Hotaling Investment Management LLC now owns 7,549 shares of the utilities provider’s stock worth $1,000,000 after buying an additional 84 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in shares of Sempra Energy by 3.4% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 2,806 shares of the utilities provider’s stock worth $372,000 after buying an additional 93 shares in the last quarter. 83.50% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Company Profile

Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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