Sempra (NYSE:SRE – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

SRE has been the topic of several other reports. BMO Capital Markets dropped their price target on Sempra from $84.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, August 7th. Royal Bank of Canada lowered their target price on Sempra from $91.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Guggenheim reduced their price objective on Sempra from $86.00 to $76.00 in a research report on Monday, October 9th. Morgan Stanley lowered their price objective on Sempra from $75.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 21st. Finally, Barclays cut their target price on Sempra from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Sempra presently has an average rating of “Moderate Buy” and a consensus target price of $80.85.

View Our Latest Research Report on Sempra

Sempra Stock Down 0.8 %

SRE traded down $0.57 on Wednesday, reaching $72.95. The company’s stock had a trading volume of 2,648,851 shares, compared to its average volume of 2,621,498. Sempra has a 1 year low of $63.75 and a 1 year high of $84.13. The business’s 50 day moving average is $70.34 and its 200 day moving average is $71.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.61 and a quick ratio of 0.55. The stock has a market cap of $45.91 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 3.27 and a beta of 0.74.

Sempra (NYSE:SRE – Get Free Report) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.68 billion. Sempra had a return on equity of 9.88% and a net margin of 16.51%. Sempra’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. As a group, research analysts forecast that Sempra will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Sempra

Hedge funds have recently modified their holdings of the company. Krane Funds Advisors LLC acquired a new position in Sempra during the second quarter worth about $502,000. Capital Group Private Client Services Inc. raised its holdings in shares of Sempra by 0.6% in the 2nd quarter. Capital Group Private Client Services Inc. now owns 391,658 shares of the utilities provider’s stock worth $57,022,000 after purchasing an additional 2,414 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Sempra by 516.5% during the second quarter. Osaic Holdings Inc. now owns 791,553 shares of the utilities provider’s stock valued at $18,849,000 after purchasing an additional 663,152 shares during the last quarter. Algebris UK Ltd lifted its stake in Sempra by 8.3% during the second quarter. Algebris UK Ltd now owns 3,997 shares of the utilities provider’s stock valued at $580,000 after purchasing an additional 307 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Sempra by 3.8% during the second quarter. Clearbridge Investments LLC now owns 5,815,727 shares of the utilities provider’s stock worth $846,712,000 after buying an additional 212,233 shares in the last quarter. 84.83% of the stock is currently owned by institutional investors and hedge funds.

Sempra Company Profile (Get Free Report)

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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Original: MarketBeat News Feed: StockNews.com Downgrades Sempra (NYSE:SRE) to Sell