Sempra Energy (NYSE:SRE) Downgraded by Seaport Global Securities to “Neutral”

Seaport Global Securities lowered shares of Sempra Energy (NYSE:SRE) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, Analyst Price Targets reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also issued reports on SRE. Mizuho upped their target price on shares of Sempra Energy from $119.00 to $137.00 and gave the company a neutral rating in a research note on Wednesday, December 16th. They noted that the move was a valuation call. Barclays cut their price objective on Sempra Energy from $159.00 to $149.00 and set an overweight rating on the stock in a research note on Tuesday, January 5th. Wells Fargo & Company upgraded Sempra Energy from an equal weight rating to an overweight rating and set a $141.00 target price for the company in a research report on Thursday, January 14th. BMO Capital Markets upped their price target on Sempra Energy from $142.00 to $147.00 and gave the company a market perform rating in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on Sempra Energy from $144.00 to $142.00 and set an equal weight rating on the stock in a research note on Thursday, March 25th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $144.00.

Shares of SRE opened at $133.52 on Wednesday. Sempra Energy has a one year low of $112.16 and a one year high of $137.47. The stock has a 50-day moving average price of $126.19 and a 200 day moving average price of $126.10. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $40.42 billion, a P/E ratio of 10.35, a P/E/G ratio of 2.07 and a beta of 0.60.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, February 25th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.35. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.95 billion. Sempra Energy had a return on equity of 11.02% and a net margin of 34.85%. During the same period in the prior year, the company posted $1.55 EPS. As a group, equities research analysts forecast that Sempra Energy will post 7.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be given a $1.10 dividend. The ex-dividend date is Wednesday, March 24th. This is a positive change from Sempra Energy’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 3.30%. Sempra Energy’s dividend payout ratio (DPR) is currently 64.90%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Sempra Energy in the 4th quarter worth about $951,586,000. Clearbridge Investments LLC increased its stake in shares of Sempra Energy by 47.6% in the fourth quarter. Clearbridge Investments LLC now owns 3,403,426 shares of the utilities provider’s stock valued at $433,631,000 after purchasing an additional 1,097,822 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $45,730,000. International Assets Investment Management LLC bought a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $238,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Sempra Energy by 28.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 677,800 shares of the utilities provider’s stock worth $85,048,000 after buying an additional 151,066 shares during the period. 83.76% of the stock is owned by institutional investors.

About Sempra Energy

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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