Sempra Energy (NYSE:SRE) Stock Price Down 3.6% on Analyst Downgrade

Sempra Energy (NYSE:SRE) shares were down 3.6% during trading on Friday after Morgan Stanley lowered their price target on the stock from $108.00 to $104.00. Morgan Stanley currently has an overweight rating on the stock. Sempra Energy traded as low as $84.08 and last traded at $84.27. 1,274,652 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 3,736,013 shares. The stock had previously closed at $87.38.

SRE has been the topic of a number of other reports. TD Cowen began coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating on the stock. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Barclays cut their price target on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy presently has an average rating of “Moderate Buy” and an average price target of $103.62.

Insider Buying and Selling at Sempra Energy

In other news, EVP Caroline Ann Winn sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Sempra Energy

A number of large investors have recently bought and sold shares of the business. Bell Investment Advisors Inc grew its holdings in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new stake in shares of Sempra Energy in the 4th quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $27,000. Finally, Silvant Capital Management LLC bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $28,000. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Down 4.1%

The firm has a market cap of $54.79 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $90.50 and a 200-day moving average of $92.25.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. As a group, sell-side analysts forecast that Sempra Energy will post 5.12 EPS for the current fiscal year.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.