Sempra (NYSE:SRE) Downgraded by StockNews.com to Sell

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

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reduced their price objective on Sempra from $75.00 to $73.00 and set an equal weight rating on the stock in a research note on Tuesday, November 21st. BMO Capital Markets upgraded shares of Sempra from a market perform rating to an outperform rating and boosted their price target for the company from $76.00 to $84.00 in a report on Thursday, January 11th. Mizuho dropped their target price on Sempra from $83.00 to $79.00 and set a buy rating on the stock in a research report on Thursday, January 25th. LADENBURG THALM/SH SH began coverage on Sempra in a research report on Wednesday, January 3rd. They issued a buy rating and a $81.50 price target for the company. Finally, JPMorgan Chase & Co. raised Sempra from a neutral rating to an overweight rating and raised their price objective for the company from $78.00 to $86.00 in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Sempra currently has an average rating of Moderate Buy and an average target price of $81.83.

Read Our Latest Report on Sempra

Sempra Price Performance

Shares of Sempra stock opened at $70.69 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $73.38 and its 200-day simple moving average is $71.82. Sempra has a 52 week low of $63.75 and a 52 week high of $80.15. The company has a market capitalization of $44.49 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 2.91 and a beta of 0.72.

Insiders Place Their Bets

In other Sempra news, CEO Jeffrey W. Martin sold 34,190 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.83, for a total transaction of $2,421,677.70. Following the transaction, the chief executive officer now directly owns 2 shares in the company, valued at $141.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SRE. WFA of San Diego LLC boosted its holdings in shares of Sempra by 29.9% in the third quarter. WFA of San Diego LLC now owns 2,439 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 561 shares during the period. Meyer Handelman Co. raised its holdings in shares of Sempra by 100.0% in the third quarter. Meyer Handelman Co. now owns 68,696 shares of the utilities provider’s stock valued at $4,673,000 after buying an additional 34,348 shares during the last quarter. Northwest Investment Counselors LLC lifted its position in Sempra by 93.7% during the 3rd quarter. Northwest Investment Counselors LLC now owns 2,195 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 1,062 shares during the period. New Mexico Educational Retirement Board grew its stake in shares of Sempra by 114.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 32,782 shares of the utilities provider’s stock valued at $2,230,000 after purchasing an additional 17,491 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Sempra by 94.2% in the third quarter. National Bank of Canada FI now owns 186,952 shares of the utilities provider’s stock valued at $12,264,000 after purchasing an additional 90,701 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.

Sempra Company Profile

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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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