Sempra's stock has seen significant insider selling, with CEO Jeffrey W. Martin divesting 49,737 shares, marking a complete ownership reduction. Analysts have downgraded the stock, with Barclays lowering its target price from $95 to $72, while hedge funds hold 89.65% of shares. Despite a recent earnings beat, the company faces mixed ratings, with a consensus "Moderate Buy" and a target price of $84.54.
barclays downgrades sempra energy stock rating and cuts price target significantly
Barclays has downgraded Sempra Energy from Overweight to Equal Weight, slashing the price target from $95 to $72 following disappointing fourth-quarter earnings. The company's stock has seen a nearly 17% year-to-date decline, attributed to increased costs and a significant reset in financial expectations, leading to an 11% reduction in EPS estimates through 2029. Despite these challenges, Sempra maintains a strong dividend history and has announced a $56 billion capital plan for growth in Texas and California.
Sempra Energy rating downgraded to equal weight by Barclays
Sempra Energy has been downgraded to Equal Weight from Overweight by Barclays. This change reflects a shift in the investment outlook for the company, as reported by TipRanks.com, a source for real-time financial news.
Sempra faces downgrades after significant stock plunge by 19 percent
Sempra faced downgrades from Goldman Sachs and UBS following a significant 19% drop in its stock price. The recent decline has raised concerns among investors, prompting analysts to reassess the company's outlook.
ubs downgrades sempra to neutral and lowers price target to seventy eight
UBS has downgraded Sempra from Buy to Neutral, adjusting its price target from $95 to $78. Sempra operates primarily in natural gas storage, transmission, and distribution (56.8% of net sales), electricity transmission and distribution (25.9%), and energy infrastructure development (17.3%), with 89.6% of net sales generated in the U.S. and 10.4% in Mexico.
sempra experiences significant insider sales and hedge fund activity
Sempra's stock has seen significant insider selling, with CEO Jeffrey W. Martin and SVP Alexander Lisa Larroque reducing their holdings by 100% and 16.54%, respectively. Hedge funds have adjusted their positions, with Vanguard and Wellington increasing their stakes. Analysts have mixed ratings, with a consensus "Moderate Buy" and a price target averaging $88.83, despite the stock's recent decline of 18.9%.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.